POSSIBLE BEARISH CONTINUATION CAD/JPY

CAD/JPY recently broke a long term counter trend line only to retrace back up and find resistance at the 61.8 fib level where is has stalled and become congested whilst at the same time touching the 200 MA just short by a pip or two of another counter trend line before being sucked back down into the congestion again. this is a trade that i am already in after shorting the bearish engulfing just after the trend line touch. there is however still a decent entry opportunity for others who may want to get in on the trade. A close bellow the 83.433 level could provide a decent selling opourtunity with targets at 81.185 and 79.994 should the market roll over like expected.