I see a nice short opportunity on CADJPY. Took the previous day high, and then a market structure shift to signify the start of a downtrend.
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I will cancel this trade because I just realized we are missing one of our key confluences. An active FVG below our stop loss. Without an active FVG, I don't feel that our SL will be adequately protected. So the setup is now invalidated.
Trend Analysis

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