CADJPY coming close to descending trendline resistance! Drop incoming!

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Trading Recommendation

Entry: 79.260

Reason for Entry: Moving average resistance, 61.8% Fibonacci retracement, descending trendline resistance

Take Profit: 78.883

Reason for Take Profit: -27% Fibonacci retracement, 100% Fibonacci extension

Stop Loss: 79.424

Reason for Stop Loss: Recent swing high

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