CADJPY
keeping it simple, price is generally on an upward trend. On the 4hr chart above we see that trend line broken, price now dropping to retrace to a demand area confluenced with the 0.5 fib level, before looking to go long there
Let me know if you agree
Let me know if you agree
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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.