We're at the HTF double top and are looking for;
1) An ascending channel at the double top.
2) A drop from the double top and the formation of a hover at the structure low.
3) An ascending channel at the structure high for the completion of the pattern (this is most high probability setup).
Idea based on Beta Project(R). Risk Management: Compound (Constant) Level : PA (Constant)
This is just my view follow if it aligns with yours.
This project projections & Entries are subject to failure.
Possible drop for CADJPY. Price has remained under both 200 and 50 EMA indicating a short bias. Price has hit the resistance of the trend line channel as well as the horizontal resistance zone, both indicating a short bias. Small stop loss of about 40 pips and take profit of around 90 pips. FX:CADJPY