We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.

Now looking for trend continuation to take a short trade.

Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK!

This is looking like a very yummy short!

Follow and Stay tuned my friends ;)
CADJPYCJFibonacci RetracementmarketstructureTrend Analysistrendtrading

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