Preparing the week with 100eyes Forex Scanner - CADJPY
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Now that the markets are closed, we can take a step back and carefully observe all pairs.
After closing in on a strong support zone from the 4h, we see three very bullish signals:
1) The RSI is recovering 2) A hammer has been printed 3) A huge green candle formed after the hammer
This is a great opportunity for a long, and after observing the a confirmation on the price action during the market open we can decide to enter this long trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.