WTI | Selloff Back to $68 w/USD/JPY Correlation

Since the last call on Oil we successfully hit the $77 target.

This next move is now looking to head back to $68 support based on the pivot moves within the current Descending Triangle pattern.

This is also another opportunity to take a back-to-back swing on USDJPY

We got divergence on the forex pair acting like the 'price' and 'oil' acting like the indication
(Convergence/Divergence)

Oil moves first on the down move and usdjpy will follow through after it makes one more leg up.