CadJpy correction could be done and it might be time to lookout for bearish confirmations.
The pair has been correcting the drop from 2 days ago, and we some a rejection around 61.8% yesterday. If today's daily candle closes below 50%, we might get more downside movements.
For now, I'm placing this trade based on the MAs, with stop loss above the 200 hr EMA
CADJPYcadjpyshortChart PatternsTechnical IndicatorsTrend Analysis

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Feragatname