Confluence factors in favour of a CADJPY move short:
1. Daily high test
2. Rejection of key 99.5 support/resistance level
3. Rejection of the 0.5 Fibonacci
4. Daily head and shoulders pattern
5. With the dominantly bearish downtrend
6. Possible head and shoulders pattern on hourly chart
At the time of writing, I am seeing a potential head and shoulders pattern...
