Mihai_Iacob

CadJpy- a drop in 80 zone is possible

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Last Friday CadJpy has finished the day putting in a big bearish engulfing on our daily chart and also this bearish engulfing translates in a Pin Bar on the weekly chart.
Yesterday we have a Pin Bar on daily from exactly the same resistance and it looks like the pair is ready for a drop.
In conclusion, rallies against resistance should be sold and 80 zone could be our target.

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