CADJPY ANALYSIS!

٢٥ ديسمبر ٢٠٢٢

top down analysis, just my thoughts on this pair starting with my monthly down to the 1hr, entry on bearish engulfing heavy wick rejection to the upside. bearish on cadjpy potential to a monthly low. confluence aligns with heavy wick rejection, fibs lined with 38% bearish engulfing, the overall trend is bearish only looking to take sells. moving average cross on lower time frame for a better entry