CADJPY: Trend-Following Setup 🇨🇦🇯🇵

Short

Canadian Dollar / Japanese Yen (OANDA:CADJPY)

OANDA:CADJPY Canadian Dollar / Japanese Yen

Support and Resistance Multiple Time Frame Analysis Double Top or Bottom CADJPY CAD yen japaneseyen japan canadiandollar trader fxtrading

supportandresistance mtfa doubletoporbottom cadjpy cad yen japaneseyen japan canadiandollar trader fxtrading

snapshot

CADJPY has recently broken and closed below a key daily support.
The broken structure turned into resistance now.

The price formed a double top pattern on a 4H time frame retesting that
and broke its neckline then.

I expect a bearish move to 99.7 / 99.1 levels

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