Those who have been following the current USDCAD call (see attached: "Oil weighing heavy on CAD") will know we are already positioned in longs here. So what we are trying to do is add another position on a "sell the fact leg" in oil after cuts on the supply side are fully cooked in ... (so time to start working the sell-side again there.)
The dollar is also approaching buy levels and as a result buying the retrace leg here in USDCAD is a good opportunity.
Lets see how it plays out
(For those wondering red fib is from a previous swing and can be ignored I am publishing this on the way back to the office)
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.