peterbokma

CADJPY-SELL strategy 3-hourly

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FX:CADJPY   加元 / 日圓
The pair has been slightly overbought for some time now, and still it manages to remain at higher levels. we broke resistance 109.68 and it tries holding on. Stochastic has turned slightly positive, whilst RSI is overbought.

Strategy SELL @ 110.00 - 110.30 and place SL above 110.55 for now and take profit @ 108.95.

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