Retrace...Then Short Again!
I see CADJPY trading in a channel in this 4 hour chart. In my opinion, this pair will keep going down in the upcoming week, but waiting for retracement would be the best thing to do right now before getting short again. I have placed a fib retracement, where the 50% coincides with my previous trendline and could potentially act as retest/resistance.
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Disclaimer
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.