Marked on the chart we have a lovely area of support, if you cant see this then give yourself a telling off and look again ( this normally helps me out, but then I answer myself back which turns into a fight... I always win though )
We are expecting some bullish movement this week from oil as we have bounced off this level and we are looking at bearish movement from USD CAD because you all know that USD CAD have a reverse correlation with oil rite ;p
This trade has been a long time coming and I have been sitting patiently waiting for price to hit this level ( not literally.. I do have a life haha )
If you like my analysis then leave a comment... if you think I'm crazy then you are not wrong, and if you would like to see how I can help you then send me a message. Now until next time I am off to see a man about a zebra.
We are expecting some bullish movement this week from oil as we have bounced off this level and we are looking at bearish movement from USD CAD because you all know that USD CAD have a reverse correlation with oil rite ;p
This trade has been a long time coming and I have been sitting patiently waiting for price to hit this level ( not literally.. I do have a life haha )
If you like my analysis then leave a comment... if you think I'm crazy then you are not wrong, and if you would like to see how I can help you then send me a message. Now until next time I am off to see a man about a zebra.