Greetings Traders this is my analysis for CADJPY and it is short.
On the chart we can see that the price has touched the resistance line and it is preparing for a downtrend movement.
We can see on the chart that the price has reached the Resistance Line after a good uptrend swing movement.It was a result that has touched the Resistance Line.
Now it has reached its potential and it is preparing for a Downtrend Movement .
I wont remind you of the importance of stoploss it can be above the Resistance Line