HydraFinance

CADJPY Sideways pattern Outcome

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OANDA:CADJPY   加元 / 日圓
Price is painting a very clear picture of the most probable outcome to the consolidation we've been having. The way price was behaving before we had this sideways action leads to believe that the break would be to the upside. Further, I wouldn't wait for price to break and close above the upper declining trend line to get in, I would instead look to get in earlier at 80.70 and maybe add to the position if price acts as expected.

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