Breakout In WTI Crude Brings Fibonacci Buy Into Play For The USD Largo

U.S. Dollar/Canadian DollarFXCM

Descripción

⋅ 28 de Jun. de 2018 14:08

The recent bullish action in WTI crude oil futures has brought new optimism to the Canadian dollar. The result may be a long trade setup from the 38% Fibonacci retracement of the current wave on the daily chart.

Here is the plan:

1) Entry: Buy 1.3226
2) Stop Loss: 1.3194
3) Profit Target: 1.3258
4) Risk vs Reward Ratio: 1/1

If we continue to see August WTI run toward $75.00, then this Fibonacci buy may come into play.

Wave Analysis

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