Sell CAD/JPY | Sep 10, 2019

USD/CAD is correcting upward, USD/JPY is correcting downward from 61.8 of whole swing down on 1D.

Therefore, CAD/JPY is more likely to correct downward at least to 23.6.

Within 30+ minutes 4H candle is gonna be completed, which is making evening start pattern as well as a Marubozu or Engulfing.

MACD crossover is clearly noticeable now on 4H.

Risk: this bearish setup will become invalid if MACD on 4H crosses back to upside.

Note: Crossover must be clearly noticeable after close of candle, a crossover during running candle is not a crossover.


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