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#OPINIONLEADER# Currency call summary 20 08 2021: CAD pairs, BTCUSD & ETHUSD in focus today's currency call also Gim Hong explained a higher time frame sell trade idea on the EURJPY (starting at 16.35 to 25.15). This can be taken as a set and forget trade for people who can't spend too much time on the charts each day. The USDCAD is a potential buy trade is price can get through 1.2930 using a 40 pip stop loss and 120 pip take profit. CADJPY offers selling opportunities if price gets below 85.15 using a 30 pip stop loss and 50 pip take profit considering the next support level at 84.20. It's important to take note the further strain on the price of oil as it recently moved below the 65.52 support level as the Canadian dollar is strongly correlated to the price of oil. BTCUSD is a possible buy trade at 47k using a 1k stop loss and 50k as an initial take profit and a longer term target of 58k. ETHUSD is a potential buy trade as price breaks through 3 300 with a stop loss at 3 000 and a take profit at 4 150.
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