Nice idea on CADJPY and there may be potential gains as you have identified by going short. We have found a major support target at 87.49, which is above the support level that you expect the price to fall to. It is a horizontal pullback support, with 61.8% Fibonacci retracement. Stochastic is approaching resistance and we might see a corresponding drop in price should it react off this level. Excited to see how things develop.
Please take a look at our idea and share with us what you think.