CAD/JPY continue with the Downtrend

On CAD/JPY is nice to see strong sell-off from the price 103.5 and 104.06 , there are nice to see strong volume area....

Where is lot of contract accumulated...

I thing that sellers from this area will be defend this short position...

and when the price come back to this area, strong sellers will be push down the market again...

Strong S/R from the past + Downtrend + Strong volume area is my mainly reason for this short trade....

Happy trading

Dale