CADJPY - H4 channel sell around 87

Hey traders, just want to share my thoughts on CADJPY

Pattern Identification

Currently, price has been respecting this ED channel on the H4 chart for the past 3 months.

There is currently no Harmonic patterns that is completing.

Trade Execution

I will personally wait for a rejection at the upper boundary of the H4 channel before I think about executing a short.

No rejection no trade!

Stops have to go above previous high, I will set it around 87.90.

TP will be at 84.90

This trade will be invalidated if a breakout upwards occur at 87.