The forex market value of the CADJPY might go down soon based on my technical analysis on its daily chart seen on the left image. The stochastic is in the 90+ level which indicates an overbought and the MACD showing a bearish signal.
The next picture is the 3-hour chart of the same currency providing a clearer picture of my entry price. I email@example.com as the breakdown from its upward trading range is on its way and placed my stops @ 19 pips.
Updates: 4am 3-16. Stop loss hit, lost 19 pips.