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TraderMozo
Dec 9, 2021 4:11 AM

[9/12/21] CADJPY Bearish bias Short

CAD/JPYOANDA

Description

PAIR IN FOCUS: CADJPY
BIAS: BEARISH / SHORT

Market sentiment shifted to risk-off, resulting in a weak JPY which saw CADJPY and other JPY pairs rise. Price is currently retesting a previously broken resistance zone, and could head down. A continuous strong risk appetite in the markets would see this setup fail quickly.

Comment

Risk-on**
Comments
MZHTrading
Do you mean risk on
TraderMozo
@MZHTrading, Yes, that is right. Went through this too quickly. Thanks for the correction :)
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