We have a clear bearish trend and it will continue till 89.00 in my view therefore price may react to our area as if it goes above the previous high then it will invalidated the setup. Please wait for a clear conformation before jumping into taking trade.
On Marketmilk (Babypips.com), it shows that CADJPY is in the bearish matrix territory. Here is a sell idea setup on the higher time frames. If you see a better setup, comment below. I'd love to hear your thoughts.
CADJPY (since Friday) was riding a downward trend. The first entry bear market has taken over, with my MA's crossing over, confirming a downtrend market. Here is a second entry if you'd like to take this trade and ride the bear market. Use proper risk management.
