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CAD/JPY TREND FOLLOWING OR REVERSAL !

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Hello everyone, I am Hadi Karaali, known as Sniper_FX

if you like the idea, do not forget to support with a like and follow.

CADJPY, as we can see price broke below this major swing low and traded lower

So, for now we are clearly bearish trading inside this channel

So, as the price approaching the lower support zone, we will be searching for buy setups as the zone lining up with the lower trendline acting as an overbought area

Unless price traded higher than we will be searching for new sell setups as a trend following setups, or any bearish reversal pattern as per your trading plan


OfCourse, unless price managed to break above the trendline then we will be testing the upper resistance zone to test it again


And as usual follow your trading plan and manage your risk.

Be patient and good luck!
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