Since mid-July, CadJpy has been trading inside an ascending triangle with price congestion in the last 3 weeks. Ascending triangles are usually continuation patterns and considering the up trend of the pair, this could be the case also now. However, a break under the support line could lead to a steep dive to important support at 102. In my opinion, even if we have a break above the triangle's resistance, this will be a false one. In conclusion, I'm looking to sell, either after the false break (if will be the case), or after the break of the ascending trend line down break.