Taking a risk here with USDCAD to the long side, as it looks like a great risk-reward setup.
This trade implies some a bias to the downside in oil. As previous posts will confirm, I have been bullish on oil; however - the recent failed move at $109, represents the second lower-high within a bearish structure. As such, I am comfortable with the expectation that oil needs some time to figure out a direction.
That's all for now.
May the Lord bless you!
-Chief
This trade implies some a bias to the downside in oil. As previous posts will confirm, I have been bullish on oil; however - the recent failed move at $109, represents the second lower-high within a bearish structure. As such, I am comfortable with the expectation that oil needs some time to figure out a direction.
That's all for now.
May the Lord bless you!
-Chief
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.