KyleMcQuade
Short

Bearish Cypher CDJ/JPY

FX:CADJPY   Canadian Dollar / Japanese Yen
Similar to the USDJPY , instead we have a possible bearish cypher forming on the daily timeframe . This pair is in a weekly downtrend and has recently hit a level of support/resistance . The D point in the pattern could be a retest before further decrease in price. If the pattern completes I'll look for an entry around the 81.00 - 82.00 price level.

Cypher ratios:
AB = 0.382 - 0.618
BC = 1.13 - 1.414
XD = 0.786
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