FX:CADJPY   Canadian Dollar / Japanese Yen
37 0
CADJPY has broken a trend line to confirm (for me) a likely hood of a retrace, after hitting a strong daily support/resistance area, just waiting on a pull back to enter the trade which i think will be 81.851-82.074 as it found previous resistance/support and is also upon the newly formed trend line
If this occurs i shall look for a reason to enter this trade with

Below the trend line and low enough to be below the previous low on the hourly chart

TP- 82.818
On a small support which would create a double top so if hit i would move my SL to entry

Around the area which i see could be a potentially decision area to either short back to the daily support or continue long due to previous support/resistance , also it would be on a higher potential trend line as drawn on the chart

If the larger trend line is broken i see a chance for price to reach the next strong support/resistance area

As always any feedback would be widely appreciated:)
Trade active
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