CADJPY – Trading in a short term range
The CADJPY is trading near a LT important level, most if the times the market gets close to an important level, it tends to trade in a short term range, once it breaks that range, I start looking for trade opportunities in the direction of the breakout.
Here is the range for the CADJPY:
A breakout of either side of the range indicate a “clear market condition”, and only trades in the direction of the breakout will be allowed.
Tags: CADJPY Analysis
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