POTENTIAL SHORT TRADE SET UP FOR CADJPY

Hello Guys,

The price is at the HTF previous swing high area with a series of bearish price actions here. After hitting the high with a bullish impulse, the price fell back below with a reversal impulse as there was no continuation structure to push the price higher. The reversal impulse was followed by a large corrective structure which has been broken out and we have a new continuation structure.

I am looking forward to see a decline in price here.

⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!