CADJPY is approaching towards august low

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CADJPY
At 81.500 level this pair got some major rejected fourth time and felled towards 80.000 psychological level.

The medium term trend line was broken on September 08 and the price was Retested and currently its trading below 23.6% Fibonacci and 81.00 level.

Bearish engulfing candle is formed at H4 timeframe. Next downside resistance would be 80.000 and 40% Fibonacci level.

We can short this pair at this level and the target would be around 78.550 which Is a low volume and profit taking area.

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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
Trade attivo
Is now running with +55 pips istantanea
Trade chiuso: obiettivo raggiunto
Target achieved with +200 pips istantanea
CADJPYcadjpyanalysiscadjpyforecastcadjpyideacadjpysellcadjpysetupcadjpyshortFibonacciSupport and ResistanceTrend Lines

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