CAD/JPY

Monthly
• Moving Averages crossed to the downside
• Price action showing a ranging structure between monthy resistance and daily support
• Price current candle is a bearish pinbar candlestick
Weekly
• Moving averages crossed to the downside indicating bearish momentum
• Price action left a bearish pinbar candlestick followed by decline in price
• Price found resistance at the 61.80 Fib level
• Weekly support level broken and expecting price to head lower
Daily
• Moving averages about to cross to the downside being in confluent with higher time frames
• Price action Found resistance just after the 61.80 fib level
• Bullish counter trendline broken and price to make a bearish advance
• Counter trendline retested adter break.
4 Hour [Execution Time Frame]
• Moving averages about to cross to the downside being in line with overall trend bias on the pair
• Bearish counter trendline broken
• P.A showed retest by leaving a bearish pinbar after C.T.L break which candlestick was on the 50.00 Fib level