Sell CAD/JPY Breakout Pattern

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The CAD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Bearish Pennant Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Pattern After Confirmation. Ideally, This Would Be Around 115.70

Target Levels:
1st Support – 114.65
2nd Support – 114.12

Stop-Loss: To manage risk, place a stop-loss order above 116.10. This helps limit potential losses if the price falls back unexpectedly.

Thank you.

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تم فتح الصفقة

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ملاحظة

in good profit

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