CADJPY currently does not have the greatest 1-hour chart pattern. Over on the 4-hour, I am watching for price to hold below the 87.14 level. Specifically, I'd like to see an uptick and for that to exhaust. That will provide a good indication that we can expect momentum to pick up towards the downside.
Note
Here's why I'm not a fan of the 1-hour price action:s3.tradingview.com/snapshots/g/gLVhb81O.png
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.