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lodrickthomas

CADJPY Bearish Analysis (Risky Trade)

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
lodrickthomas  
FX:CADJPY   Canadian Dollar / Japanese Yen
Support and Resistance CADJPY cadjpylong cadjpyanalysis cadjpybuy cadjpytrade cadjpyforecast cadjpyidea
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supportandresistance cadjpy cadjpylong cadjpyanalysis cadjpybuy cadjpytrade cadjpyforecast cadjpyidea
For the past few days, we witnessed some JPY strengths which as a result CADJPY was pushed down!

Technically the structure is downtrend BUT WE CAN NOT IGNORE THE PRESENCE OF a SUPPORT ZONE AT DAILY TIMEFRAME!

So if we observe any reversal pattern candlestick formation at daily support zone or lower timeframes like H4 and H1, it might be a good sign for bulls dominance on CADJPY!
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