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CAD/JPY Signal - CAD Retail Sales - 23 Sep 2021

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Signal Details
Entry Price: 
85.855
Take Profit: 
84.900
Stop Loss: 
86.420
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USDCAD is trending to the downside prior to the CAD Retail Sales, which measure the total receipts for retail stores domestically. Technically the pair has pulled back into structure and fibonacci resistance, and the rsi has now turned negative. We anticipate downside into recent lows at 84.90.

Submitted by Toni H. on Thu, 23 Sep 2021 00:54:28 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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