FxWirePro: CAD/JPY forms Bearish Gartley pattern, good to sell on rallies

• Harmonic Pattern- Bearish Gartley Pattern
   
• Potential Reversal Zone (PRZ) - 85.50
   
• The pair has made a high of 85.25 and slightly retreated from that level. It is currently trading around 84.85.
   
• Short term trend is slightly weak as long as resistance 85.50 holds.
   
• On the lower side minor support is around 84.60 and break below will drag the pair till 83.80/83.
   
• Short term bullish invalidation only below 82.80.
   
• Any break above major resistance 85.50 will take the pair to next level 86.20/87.

It is good to sell on rallies around 85.50 with SL around 86.20 for TP of 84.60/83