As the oil agreement is not foreseen in near future, the uptrend of CADJPY will not be continuing.
Also, the Clear Bearish Cypher Pattern can be seen in the daily chart with strong resistance shown. This resistance is quite strong which acted three times as support and one time as resistance.
The RSI indicator is also showing an oversold which has not been seen in 2016 and indicating a short confirmation.
In case of oil agreement, this idea looses its credibility.
Also, the Clear Bearish Cypher Pattern can be seen in the daily chart with strong resistance shown. This resistance is quite strong which acted three times as support and one time as resistance.
The RSI indicator is also showing an oversold which has not been seen in 2016 and indicating a short confirmation.
In case of oil agreement, this idea looses its credibility.
Order cancelled:
Oil agreement + Complete breakout