CADJPY SUPPLY SHORT SETUP

10 May 2020

I'm not exactly thrilled about this SUPPLY ZONE. There was too much time spent there. But it is with the trend on the DAILY chart, a downtrend, and the CAD is weakest of the big 8 currencies while the JPY is strongest. It may take a while but I expect price to drop for a while for a possible 3:1 on the 4 hour chart.