This is a potential short on the CADJPY pair. Price has broken the daily/weekly trend-line to the downside and it now retesting it as resistance. The 4-hour shows this as a nice bear flag. I will wait for price on the 4-hour to break and close below the 4-hour bear flag before entering. TP would be at at the dotted line.
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.