CADJPY

 

Simple trading plan for CADJPY
Key things
1. Price is respecting downtrend line and we see some rejection at 4 hr price chart
2. Price is trading just above the 38.2% retracement zone and just below 50% retracement
Now look at the smaller time frame to enter the market, At smaller time frame if you see we are waiting for break of the small up trend line and we are good to go short on it with RR close to 1:3

 

 

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