CADJPY: Short Wisely with Inside Bar Pattern
CADJPY reached a key structure resistance.
dew to high volatility and very sharp bullish rally we need an additional confirmation to short the market.
on 4H the price has formed a classic indecision pattern - inside bar.
6 candles are now trading within the range of the last strong bullish candle.
to short wisely we need a 4H candle close below the underlined range.
then we can short aggressively or on pullback.
if this condition is met, chances will be high that the market will drop at least to 80.875.
if not, I would not trade at all :)
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