CAD_JPY reached a strong support level on daily.
The pair is trading in a wedge, and I would go long after pullback, IF a confirmed breakout upwards happens.
The long presents a great trading opportunity with a 3:1 to 4:1 risk reward ratio.
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Note
I should have said "a nice bearish movement" indeed. I misspoke!
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Related publications
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.