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Cadjpysell

CADJPY ShortMy view of CADJPY . Potential short opportunity. This will be plain and simple. From Sep. 28th to Sep. 30th we respected the MRA (Major Resistance Area) . Although the price tried to break out of the Consolidation area , the sellers prevailed. SO! Looking at the fact we are in a Consolidation area, I expect the price to go down to our MSA (Major Support Area) . Entry is at 87.821 with a Stop Loss above the MRA and Consolidation area at 88.794 . Take profit is at MSA (85.075) . Break of mSA (minor Support Area) would confirm lower levels and continuing the move down to our Take Profit. I also made an example showing 2 possible outcomes if we break to the upside or downside. PARAMETERS - Entry: 87.821 - SL: 88.794 - TP: 85.075 KEY NOTES - Sep. 28th to Sep. 30th we respected the MRA (Major Resistance Area) . - If we break the Consolidation area at our SL , it would confirm higher levels. - Break of mSA (minor Support Area) would confirm lower levels and continuing the move down to our Take Profit . Happy trading!
Short
by BANDZTRADES
5