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Bullandbeartrading

CAD/JPY Trade Idea

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Bullandbeartrading  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CADJPY short Forex swingtrade countertrendline
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trendanalysis chartpattern indicator cadjpy short forex swingtrade countertrendline
Hello and welcome to my Trade Idea of the currency pair CAD/JPY.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is bearish.


Weekly: The weekly timeframe is also bearish and 5 weeks ago a very big bearish candle has closed.


Daily: On the daily timeframe we see a consolidation.


H4: We draw the counter trendline on the h4 timeframe and wait for a confirmed breakout.


Have a nice day.
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