CADJPY - Sideway Bounce

A potential sideway bounce setup on CADJPY can be seen at 109.24 for a shorting opportunity. For this to be a valid sideway bounce trading setup, I've to see a 3-bar reversal at 109.24 and naturally, one of the levels for trading consideration will be at 107.46.
askforex100CADJPYCandlestick AnalysiscandlestickpatternChart PatternscountertrendParallel Channelsidewaybounce

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