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CAD/JPY-Signs to long?

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I have been looking at this pair this night and have placed an order.
As we can see we have had a structure develop in the price movement, two impulse waves to the downside already. We are in a third wave right now. Stock markets have been selling off to begin the week so i think its valid to assume we will have a push up to negate this a bit.

By looking at RSI , MACD and other technical tools there is a potential for the price to move higher from current levels.

TP and SL are on the chart.

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