MonsunAsia

CADCHF - Bearish Bias

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FX:CADCHF   Canadian Dollar/Swiss Franc
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.
交易开始:
PENDING ORDER TRIGGERED
交易结束:到达止损:
❌ 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.

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