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CAD/JPY SHORT FROM RESISTANCE

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
EliteTradingSignals Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis CADJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis cadjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
snapshot
Hello,Friends!

CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 111.053 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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Comment:
We are seeing a good move already so we will keep the trade running!
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