Reason for Selling CAD/JPY :
Yesterday, the Japan GDP rate has been increased. This makes the JPY to become more stronger on all the JPY currency pairs.
After CAD/JPY reaching the price level 81.40, the market starts to bounce back from that level. it looked like the market try to recover the yesterday’s fall.
However, there’s no confirmation for upward movement. So, we expect a Breakout at the bottom level 81.40
We have given a Sell signal after the confirmation of breakout at the bottom level.
Finally market reached our Profit Target Successfully.
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