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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 last monthy candle is very huge bearish and the trend is in a downtrend too.

Weekly: Weekly is bearish.

Daily: On the daily timeframe we see a pullback to the upside.

H4: Here we draw the counter trendline and wait for a confirmed breakout.


Have a nice day.
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