CADJPY is currently struggling to break the area in where is trading right now. Failure to break this structure could push price lower. However, as for my personal preference, I would prefer for price to reach my marked area with the blue rectangle as it will not only confirm my pattern, but also provide me with a greater risk to reward trade.
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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.