CADJPY M5 27.03

CADJPY - market conditions seem to change and a possible change in trend it may acquire since supper trend H1 shift color as well, signaling a downward move.
Price broke below the 4/8 and bounced from 3/8 to 5/8 and from here a continuation from downwards can be expected and the edge that stands to favor this move it is, that on a smaller scale at the level of 3/8 with the shift of the MM lines we may see that price got bellow the -2/8 fact that most are interpreting as an oversold area which actually stands for great optimism in that direction. This has been said we may expect that price to continue downwards towards 3/8[-2/8] where a TP has been set, and if the price keeps on dropping we may look for that possible change in trend, aiming towards 0/8