Strong bearish movement on CADJPY

The price has been broke the daily rising wedge and retest the break out as well as showing divergence. Now the price has been expected to move downside to the support area. We will look for break out of the current bearish correction to confirm the idea.
Will update the idea as soon as it breaks.

Comment:

Price has been shown the reversal as expected to the hourly chart.
As explained, we are waiting for bearish corrective structure and the break out to enter the position.
Will update the idea accordingly.

Comment:

An idea has been posted regarding to this analysis with trade details.