CadJpy

A short trade on CadJpy. Price has been sold of on Daily time frame and as we can see price has then retraced into the 0.5 Fibonacci area. This is also a key zone for the pair and is acting as good resistance. I can see the next downside target and price action around 80.000.
analysisCADJPYChart PatternsFibonacci RetracementTechnical IndicatorskeyareapriceactionshortsupportSupport and ResistanceTrend Analysis

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