Could the Bears Push the CAD/JPY to the 81.16 Level?

💡 Trade Idea

📈 Sell Order CAD/JPY @ 81.16

🎯 Target Profit 80.61

🛑 Stop Loss 81.31

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

Description:
The price was trading withing a wedge formation after showing a head and shoulders on higher time frame indicating a potential reversal from upward movement to a downward one. The price managed to break the trendline, by posting a bearish candlestick signaling a potential downward movement.
ForexPivot PointspriceacitonreversalpatternSupply and DemandSupport and ResistanceTechnical Analysistopdownanaylisis

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