CAD - BEARISH
1️⃣ WTI oil prices extended the decline in the morning trade in the US, falling more than 2% to below $42 per barrel amid increasing doubts over a recovery in fuel demand after the Fed painted a gloomy outlook for the US due to the coronavirus crisis.
2️⃣ OPEC said that a second prolonged wave of the coronavirus is a major risk for the recovery in the oil market.
JPY - BULLISH
1️⃣ Investors moved into the safe-haven Yen as minutes from the Federal Open Market Committee revealed concerns about the US economic recovery.
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TECHNICAL
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- We shorting this pair on breaking of current support level in M30 chart + SMA100 area.
- CADJPY in bearish zone.
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RISK TO THIS TRADE
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- This trade tends to hit stop loss if current market sentiment switch to risk appettite mode.
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MONEY MANAGEMENT
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- Please use only 1-2% risk per trade from your equity.
1️⃣ WTI oil prices extended the decline in the morning trade in the US, falling more than 2% to below $42 per barrel amid increasing doubts over a recovery in fuel demand after the Fed painted a gloomy outlook for the US due to the coronavirus crisis.
2️⃣ OPEC said that a second prolonged wave of the coronavirus is a major risk for the recovery in the oil market.
JPY - BULLISH
1️⃣ Investors moved into the safe-haven Yen as minutes from the Federal Open Market Committee revealed concerns about the US economic recovery.
=====
TECHNICAL
=====
- We shorting this pair on breaking of current support level in M30 chart + SMA100 area.
- CADJPY in bearish zone.
=====
RISK TO THIS TRADE
=====
- This trade tends to hit stop loss if current market sentiment switch to risk appettite mode.
=====
MONEY MANAGEMENT
====
- Please use only 1-2% risk per trade from your equity.
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.