Cadjpy shortCanadian Dollar / Japanese YenFOREXCOM:CADJPYvicofalltradeEntry Zone (Supply Area): Around 107.59 – 108.08 (highlighted grey box). Price is expected to react bearish from this resistance zone. Stop Loss: Just above 108.08 (top of the supply zone). This protects against a breakout continuation. Target Zone: Around 106.00 – 105.95 (lower green box). This is the projected support area. 📉 Trade Idea Bias: Bearish (short). The red arrow suggests that price may reject from the supply zone and head lower. Risk-to-reward (RRR) looks favorable, roughly 1:2. 🧠 Technical Rationale 1. Supply Zone Rejection: Price is retesting a prior resistance zone where sellers have stepped in before. 2. Trend Structure: On the 4H chart, CAD/JPY is in a corrective rally after a bearish move — this could be a retracement before continuation down. 3. Candlestick Behavior: If bearish rejection candles (e.g., wicks, engulfing) form near 107.80 – 108.00, it strengthens the short bias.