NelliK

CAD / JPY Two Chances to Go Long

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
This is a trade idea going off from the Bank of Canada Interest Rate Decision yesterday, A trendline has developed. If this trend line is respected on its next touch, then we could see an extension up to the first fib extension from the actual move. If it is not respected, we could see a move down to the second trendline formed, and the 23.6 fib retracement. and then take profit would be at the first trendline.
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