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AidanMDang

CAD/JPY Trend Continuation Trade - Short on Hourly

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
AidanMDang Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators CADJPY CAD jpy trendcontinutation Bearish Patterns Relative Strength Index (RSI)
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trendanalysis chartpattern indicator cadjpy cad jpy trendcontinutation bearish relativestrengthindex
We can see that CAD/JPY had obvious bearish momentum

-We have approached a STRONG structure resistance and tested it multiple times with no break.
-RSI is overbought, and as we can see looking left, Overbought RSI has led to further downward movement.

Sell NOW at recent structure resistance, stop above. Target at recent support (pink box)
Comment:
Testing Critical Support
snapshot
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