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CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
EliteTradingSignals  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis CADJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis cadjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 108.721 area.

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