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Canadian Dollar / Japanese Yen
Short

CADJPY H4 SHORT PRICE ACTION FORECAST

86
Price structure has formed clear LH, compressing prices into the triangle formation. Trading below the 200MA allows the perfect setup for a short entry.

The only concern is about the news release late at 10 pm (GMT+8), which can dramatically change the Canadian dollar's bearishness. Hold tight risk management in place.

The order:
Type: sell-stop
S/L: 30 pips - R:R | 1:2 -
T/P: support level from the channel rage

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CADJPYcadjpyforecastcadjpyshortChart PatternsTrend Analysis
OGFXTRADER
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸

INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
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FACEBOOK
facebook.com/ogfxtrader
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.