Short on CADJPY
Temporary consolidation between Monthly support and resistance after breaking recent Daily downtrend line.
Currently price is on the top zone of the consolidation. Expect forceful bears coming back showing some power continuing to the downside to the next Monthly support.
Potential Stop Loss location would be above Daily resistance (blue dash line) and above Monthly resistance.
Currently price is on the top zone of the consolidation. Expect forceful bears coming back showing some power continuing to the downside to the next Monthly support.
Potential Stop Loss location would be above Daily resistance (blue dash line) and above Monthly resistance.
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