CADJPY - Bearish Trend - 1 HR TF

CADJPY 1 hr time frame is depicting bearish trend. Following is my trade plan:

Analysis Time Frame: 1 hr

Order - Instant Execution
Risk on Account 2%
Entry Price: 107.586
Stop Loss: 108.192
TP1: 106.9800
TP2: 106.3740