CADJPY BEARISH REVERSAL FORMED

Hello everyone, I am Hadi Karaali, known as Sniper_FX

if you like the idea, do not forget to support with a like and follow.

CADJPY, QUICK UPDATE.

As we can see price is sitting around a strong resistance zone, where we will be looking for new bearish reversal setups.

Meanwhile, from a shorter-term perspective, price formed a valid major swing low,

And for the bears to kick in, we need a momentum candle close below the marked swing low, then a movement lower would be expected.

1-2 Risk to reward ratio, from a risk management perspective.


And as usual follow your trading plan and manage your risk.

Be patient and good luck!