CADJPY - Bearish Bias
CAD - BEARISH
1️⃣ Oil prices sank more than 5% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand.
JPY - BULLISH
1️⃣ A string of renewed coronavirus restrictions in Europe boosted a safe-haven bid.
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Technical
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We are looking to sell the CADJPY at SBR + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Oil prices sank more than 5% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand.
JPY - BULLISH
1️⃣ A string of renewed coronavirus restrictions in Europe boosted a safe-haven bid.
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Technical
=====
We are looking to sell the CADJPY at SBR + below SMA 50 on the H1 chart.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade ativo
PENDING ORDER TRIGGEREDTrade fechado: stop atingido
❌ TRADE HAS HIT STOP LOSS-30 PIPS
The Canadian dollar pushed higher amid rebound in oil prices supporting the currency with WTI surged above $59 per barrel.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.