CAD - Weak Bullish
1️⃣ Rising crude oil prices, in addition to a risk-on market environment can support the strength of CAD.
JPY - Strong Bearish
1️⃣ Positive markets put pressure on safe-haven currencies like the JPY.
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Technical
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We are buying the CADJPY after it fails to break support level and bounced back.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Rising crude oil prices, in addition to a risk-on market environment can support the strength of CAD.
JPY - Strong Bearish
1️⃣ Positive markets put pressure on safe-haven currencies like the JPY.
=====
Technical
=====
We are buying the CADJPY after it fails to break support level and bounced back.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: stop reached
✅ TRADE HAS HIT BE+5 PIPS
Sentiment turned risk-off.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.