CADJPY(4H): DOWNTREND

١٠ فبراير ٢٠١٩

Overview: Downtrend - Price broke ranging channel ABCD and we can visibly see price retesting the support of the channel with a rally off to form a possible range on a downtrend (depicted with the dotted line on the chart).
Speculation: we shall continue the short rally with a potential TP @ 125 pips and SL @ 35pips.