This could shape up to be a great opportunity,
Oil inventories yesterday was better ( not great ) but moving in the right direction , so this will trickle into the CAD and should begin to tick higher as the world returns to work and the demand starts to happen, on the flipside the GBP woes continue right now , with Brexit / Negative rates talks etc so its feeling the pressure from the sellers and they are still very much well in control .
You can see here every time we've had a run up and broke support its dumped , I expect the same so stay alert and when it closes below the T/L clearly on the daily candle , I will be going short for 3/6months .
Happy trading
Oil inventories yesterday was better ( not great ) but moving in the right direction , so this will trickle into the CAD and should begin to tick higher as the world returns to work and the demand starts to happen, on the flipside the GBP woes continue right now , with Brexit / Negative rates talks etc so its feeling the pressure from the sellers and they are still very much well in control .
You can see here every time we've had a run up and broke support its dumped , I expect the same so stay alert and when it closes below the T/L clearly on the daily candle , I will be going short for 3/6months .
Happy trading
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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.