CADJPY SHORT PRICE ACTION FORECAST

The price action has respected the descending trendline and form a bearish pin bar to confirm a downward pressure in the pair. The price structure allows the setup for a short entry with the following characteristics.

The order:
Type: sell-stop
S/L: 38 pips - R:R | 1:3 -
T/P: support zone towards the ascending trendline

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