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CADJPY | END OF CONSOLIDATION |BULLISH IMPULSE ON THE WAY ?

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Corbeau_FX  
FX:CADJPY   Canadian Dollar / Japanese Yen
Supply and Demand Fibonacci Multiple Time Frame Analysis CADJPY supplydemandanalytics institutional institutional_trading smartmoney daytrade longsetup Bullish Patterns
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supplyanddemand fibonacci mtfa cadjpy supplydemandanalytics institutional institutional_trading smartmoney daytrade longsetup bullish
LAST WEEK WAS PRETTY BORING FOR CANADIAN DOLLARD /JAPENESE YEN. WE WERE IN A CONSOLIDATION PHASE. MY BIAS FOR THIS PAIR IS THE SAME AS LAST WEEK I AM STILL BULLISH ON THIS PAIR. TONIGHT, WE SAW A STRONG PUSH FROM THE BULLS AT THE MARKET'S OPENING, WHERE WE BROKE THE PREVIOUS WEEK HIGH. IF I SEE A NICE PRICE ACTION CONFIRMATION IN THE M15 DEMAND ZONE, I WILL TAKE BUY AT THAT ZONE THAT ORIGINATED THE BULLISH IMPULSE, WITH A TP AT 81.000.

**HOWEVER, IT COULD ALSO BE A BULLISH TRAP, WHERE THE PRICE PUSH THROUGH LAST WEEK HIGH TO INDUCE BUYERS AND TAKE OUT LIQUIDITY. BE AWARE**

NICE TRADING WEEK TO Y'ALL
PREVIOUS WEEK IDEA:
CADJPY BULLISH TREND CONTINUATION

Related Ideas

Corbeau_FX
CADJPY BULLISH TREND CONTINUATION
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