CADJPY Bearish Analysis (Risky Trade)
For the past few days, we witnessed some JPY strengths which as a result CADJPY was pushed down!
Technically the structure is downtrend BUT WE CAN NOT IGNORE THE PRESENCE OF a SUPPORT ZONE AT DAILY TIMEFRAME!
So if we observe any reversal pattern candlestick formation at daily support zone or lower timeframes like H4 and H1, it might be a good sign for bulls dominance on CADJPY!
Technically the structure is downtrend BUT WE CAN NOT IGNORE THE PRESENCE OF a SUPPORT ZONE AT DAILY TIMEFRAME!
So if we observe any reversal pattern candlestick formation at daily support zone or lower timeframes like H4 and H1, it might be a good sign for bulls dominance on CADJPY!
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