What I personally believe - we will 78.00 as a long term target. CAD JPYcurrently in a downtrend anyway. So all that we have for the last couple of weeks were the correction wave and I decided to take a short here.
The reasons for the short:
1) The global trend, local trend: DOWN
2) HUGE FAlse break of H4 trend line
3) H&S pattern on H1
4) Break of 200 EMA H4
The reasons for the short:
1) The global trend, local trend: DOWN
2) HUGE FAlse break of H4 trend line
3) H&S pattern on H1
4) Break of 200 EMA H4