From the lower time frame of 1H the CADJPY pair has a strong bullish momentum building on the trend, seeing a bearish pin bar confirmed by a bearish candle at the major resistance price level also with the pair consolidating for a bull back at current price region, powerful reversal candlestick signals, i sense a breake of this trendline. when moving below 85.49, if this happen then the price will rally down to a price level of 82.98
Bias: PENDING ORDER TO SELL CADJPY @ 83.42 SL 83.74 TP 83.30
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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.