CAD/JPY Trade Idea

Hello and welcome to my Trade Idea of the currency pair CAD/JPY.

Lets start with the Top Down Analysis.


Monthly: The last monthy candle is very huge bearish and the trend is in a downtrend too.

Weekly: Weekly is bearish.

Daily: On the daily timeframe we see a pullback to the upside.

H4: Here we draw the counter trendline and wait for a confirmed breakout.


Have a nice day.