CAD - BEARISH
1️⃣ Oil prices sank 3% 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.
CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
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Technical
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We are looking to sell the CADCHF 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 3% 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.
CHF - BULLISH
1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF.
=====
Technical
=====
We are looking to sell the CADCHF 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 active:
PENDING ORDER TRIGGERED
Trade closed: stop reached:
❌ TRADE HAS HIT STOP LOSS
-30 PIPS
CAD benefitted as oil prices recovered some losses early in the day, while CHF declined despite risk-off tone.
-30 PIPS
CAD benefitted as oil prices recovered some losses early in the day, while CHF declined despite risk-off tone.