CAD/JPY - Bearish OutlookToday we have a potential setup forming for CAD/JPY, on the 1H chart, with a swing trade.
This is an excellent short opportunity with a just over 1:2 risk to reward.
Price has been struggling to find upside for sometime now, and a move to 86.90's is on the horizon.
If price breaks the 87.40 support level, I am expecting a breakdown to our measure target.
This trade could potentially turn into a good long opportunity in the near future if it bounces at our target level.
Feel free to connect with me below :-)
