CADJPY short moveWe have seen a breakout on our trendline and which is a first signal that the market might be bearish.
In order to strengthen our belief, a breakout on our demand zone at 108.553 that turns into a supply zone further confirms that the market is bearish.
Also, there is a retest to our newly formed bearish order block, confirming the bearishness of the market
And hence Price has reacted bearishly from that level and falling towards our 1st support level.