CADJPY has been in a downtrend for a long time. There are some indications that a reversal or pullback is possible. However, at this moment, our idea is to follow the chart and update whenever we see a reversal indication.
The candles closed above 26 EMA. But, already touched 200 SMA. At this condition there could happen a reversal. So, waiting for a signal from Advance decline Ratio, to activate buy position.