Cad-Jpy on a down trend.
Reasons for trade.
Price rejected the monthly DT many times and weekly resistance.
Daily ascending TL broken, price retested daily uptrend on H4 and was rejected,
Monthly trend lines, support and resistances zones in black.
Weekly in red.
Daily lime green.
4 Hourly in blue.
Price rejected the monthly DT many times and weekly resistance.
Daily ascending TL broken, price retested daily uptrend on H4 and was rejected,
Monthly trend lines, support and resistances zones in black.
Weekly in red.
Daily lime green.
4 Hourly in blue.
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