After the strong bearish move, a correction back to recent SnR level could be expected at coming weeks.
Therefore personally will wait for the price to pull back to around 1810 for a bearish continuation to have a better risk reward. Next support will be around 1680. If bearish movement are overwhelming, price could straight dive to 1680 support without a pull...
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)
