CADJPY 29 Jun 2023 on the H1 timeframe. This pair looks bearish until it drops through the 50.0 Fibo level. it is at 108.764 down after previously being at 108.779. When referring to the stochastic indicator, it seems that there has been oversold which allows a trend reversal to occur, therefore go-long can be an option for scalpers. However, if there is a change that affects the market movement and causes a trend reversal then go-short is an option. Trade with your own risk, keep an eye on the market volatility.