CAD / JPY: descending movement, correction to the zone of resistance at 91.73-92 on daily chart.
Indicators in a negative formation, CCI (50) is below 0, indicating that the movement is still short.
Double top at 92.04 level
Price action: Dodge engulfed by a strong bearish bar - negative formation and the next bar closed below the engulfing bar. Probably the negative sentiment continues.
In order to minimize the risk is better to wait for correction of 50% of the engulfing bar for sell and stop 10 pips above 92.04.
Sentiment: markets remain volatile, as today the shares registered declines, it can support the yen.
Stefan D. Angelov - Head of Stocks Trading
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