CADJPY Analysis:
CADJPY is falling from the higher high area of the major Ascending channel in the 4-hour timeframe chart.
In the 1-hour Timeframe, CADJPY is breaking the higher low area of the minor ascending channel.
After the confirmation of the breakout at the smaller timeframe, the CADJPY Sell signal is given.
But, CADJPY breaks the bottom and rebounded back into the channel range again. CADJPY is trying to consolidate at the higher high area of the Ascending channel and trying to retest the high again which leads to the SL price. Still CADJPY remains in a higher high area of the Ascending channel in the 4-hour timeframe.
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