mmrabea

CADJPY- Shorting

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FX:CADJPY   加元 / 日圓
Setup: Price is approaching the H1 respected downtrend line, where it repeatedly bounces off. CAD is closely and positively correlated with the oil prices which is witnessing a continued steep fall so this could factor in the expected decline of the CADJPY. We enter at the current zone, set a SL above the previous high and TP at the previous lows with a possible extension later on.
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