SELLING CADJPY 20 JAN 20

Bismillah

Hello there, what i see that there is a selling opportunity for CADJPY

1) Price is below MA50, focus for Selling Mode
2) SL is the latest HH, and TP is the line of Daily Resistance, which is giving R2 reward
3) There is Quasimodo pattern had been formed, i expected price might be pullback first before resuming downtrend.
4) Pre TP is whenever price break again MA 50
5) I will hedge, rather than SL, and finding the next selling setup

Thank you for reading.