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This content discusses the potential for significant movement in the CAD/JPY currency pair, emphasizing the importance of time and price in trading decisions. It breaks down price action and presents two trading opportunities on CAD/JPY with a potential upside of $3171.78, highlighting the value of patience. Additionally, it provides a forecast for the CAD/JPY pair, exploring whether the Canadian dollar (Loonie) can rally against the Japanese yen.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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