CADJPY - Potential Short Position

Please give me some feedback and let me know what you think.

Multi time frame Analysis

1D time frame price is in a strong Downtrend giving a Short Bias
1H time frame price have retraced back to Fib Zone and bouncing off 50EMA and RSI is less than 50% signaling weakness
CADJPYdowntrendemabounceFibonacci RetracementmultitimeframeanalysisTrend Analysis

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