FX:CADJPY   Canadian Dollar / Japanese Yen
H1 - Price is moving inside a bearish flag pattern.

If the price breaks and holds below the bottom of this pattern, We may then start looking for sells with more bearish evidences.

H4 - If we get this sell setup triggered then the first important level on the way down to pay attention to is the zone between 85.541 – 85.435.

Invalidation: If the price moves higher, breaks and holds above the level shown in the screenshot (marked in red line) then this sell setup would be invalidated.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.