Good day, snipers. Here in the CAD/JPY we are in an overall uptrend, so I would only be looking for long setups here. As you can see, price rejected the previous support with a red candle and a long wick closing above that support zone. Also, price seems to bounce off the minor resistance level which happens to be the 38.2% Fib Level, too.
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Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below.