News for the day that could affect this trade:

.(JPY) Unemployment Rate
.(CAD) BoC Gov Council Member Lane Speech



CADJPY had a strong reversal from daily support level. It is also in confluence with MM2 - bulls buy zone for the month. I'd go into smaller TF and look for buying opportunities with swing target at MM4.


On 4hr, I'd wait for price to retrace back to support level to consider going long. Alternatively I'd wait for price to break and close above trendline and take the buy as a breakout trade.

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