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MonsunAsia
Aug 26, 2021 4:10 PM

CADJPY - Bearish Bias Short

FX:CADJPY240
Canadian Dollar/Japanese YenFXCM

Description

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CAD - Weak Bearish
1️⃣ Crude oil prices fell slightly on Thursday amid concerns about stock demand following additional restrictions in several countries.

JPY - Strong Bullish
1️⃣ Risk-Off sentiment benefits the safe-haven JPY.

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Technical
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We are selling the CAJPY after the price has broken the support levels.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

Trade active

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Trade closed: stop reached

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✅ TRADE HAS HIT BE

+10 PIPS
Trend AnalysisFundamental AnalysisCADJPYcadjpyshort
Comments
ForecastCity_World
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Excellent analysis
MonsunAsia
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@ForecastCity_World, thank you, sir.
Abbasi718
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Excellent and accurate as always.
I can trust you even with my eyes closed
MonsunAsia
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@Abbasi718, thank you sir.
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