cadjpy has formed a correction that i am looking into selling the breakout up into the 79.000 zone. this 79.000 support stands strong as we have a previous bounce from it(zoom out the charts to see) and we have a abcd completion there. prices tend to bounce nicely off rounded numbers so we can place a tight sl to catch the move up. i am RSI to take another dip into oversold and show some divergence once we reach 79.000
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sold in new york. looking for the move down into 79.000