CADJPY Market Outlook: May 16th 2022

CADJPY intraday chart showing a sideways movement and tells us that is running in a corrective wave.
Since the corrective movement E hasn't finished yet we can take the short opportunity with

Stop Loss: 101.42
Entry Area: 100.62
1st Take Profit: 99.22
Ideal Take Profit: 98.32
Wave Analysis

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