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
Ideas relacionadas
![ChiefMacro](https://s3.tradingview.com/userpics/3452841-ZLLa.png)
DXY Bullish
ChiefMacro
Premium
about DXY