Due to the Oil Price CAD being Super Bullish Since Last Week, it creates Higher Point in Daily, weekly even Monthly Chart, the Weekly chart still in bearish trend which it’s last Higher Point was 91.186 on 3rd week of May and get rejected by 4th week of May. Weekly Chart & Trending: On Weekly chart CADJPY creates a Strong Support as 84.6 since its previous...
1 hour chart contain a valid Bullish pennant, 1 Day Candle Closed Above previous high
As it's last support level 41, now its on uptrend and creating Double top , at the previous resistance zone . If Current day candle draw below 50% / (38.2% Strongly Reversal) of Previous Day Candle, then its a Big down. Break the resitance zone then definatley will be a supper uptrend. This based on my ideas, kindly do comment
Last 3 candles are Strong Sign of Reverse Pattern, as First candle Bullish, Second market indecision and the third one is bearish