CadJpy is overall in a bearish trend. There is a clean structure flip on the 1hr time frame that could potentially give an opportunity to buy. If the set up plays out then we can confirm a range happening with this pair. If the retest for the structure flip doesn't happen then we could still get an opportunity to short this pair around 105.200 with the market still being overall bearish IF price gives confirmation. We'll see how price moves.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.