CAD/JPY(1 Hour): High probability sell??

Hello pip hunters, I would like to share my view on CADJPY with you, enjoy!!

Reward:150 pips🤑
Risk: 18.6 pips❌
Risk/Reward Ratio: 7.73✅

Chart Breakdown:

• Price intersected the last higher-low of the uptrend signaling a trend change.
  
• Price formed a lower-high and lower-low confirming the downtrend.
  
• A previous support level has turned into resistance and price formed a bearish engulfing candlestick to confirm sells.
  
• I'm anticipating a close below the upward trendline to for extra confirmation of sells all the way down to take profit 2
  
  

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DR.Swing_Forex