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.