CADJPY Short Swing Trade Opportunity

This pair has been ranging back and forth over a period of weeks and we have found ourselves at the range top near the 88.320 level. After seeing strong bullish momentum over that past week, we can see the bears are coming in and keeping this pair below the range high showing lots of rejection.

This is shown clearer on the 4hr time frame where the most recent candle closed with a large bearish rejection candle possibly being the last push up towards higher prices. I do not usually trade before the New York session close, but after seeing this 4hr candle rejection lining up with a daily resistance level, i couldn't let this opportunity go by. i therefore placed a limit order with my stop loss above the range resistance and targets are the range support.

if this trade plays out, it could be an easy 4-5% gain on my account with proper risk management. Good Luck on the charts :)