CAD.JPY - Continued Downside Expected

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Currency Pair: CAD.JPY
Time Frame: Weekly, Daily & 4hr
Predicted Direction: Short

CAD.JPY updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
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CAD.JPY pulling back nicely into confluence, i now need to see deceleration and a clear rejection prior to an entry.
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Trailing stop loss will be in place over the next hour to protect profits.
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Protected stops are at breakeven and the position has now room to move in our favour.
CADJPYChart PatternshallandcotradingTechnical IndicatorstomhallTrend Analysis

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