On daily chart of pair CAD/JPY you can see that the huge and extremely dynamic wave of growth stopped at the level of the previous peak. Since mid-December, there are regular falls. At the same time we have a very clear set of lower and lower lows and highs. As long as this structure does not change, the downward trend will continue.

Having identified the main trend, you can look for opportunities to play at lower intervals. On the H4 chart price moves perfectly in a downward channel, exactly respecting its edges. Currently, after correction we are already very close to the upper edge. Reflections from it already three times gave a very fast and dynamic movement to the south. It seems that it is now also worth to observe the chart in these neighborhoods and look for supply signals.

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