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Cherry94

Bullish oil amidst Fed's hiking cycle

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Cherry94  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Fundamental Analysis Trend Analysis
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chartpattern fundamental trendanalysis
Fundamentals

USD: The US data and Fed's rhetoric hints the US hiking cycle is near the top.

CAD: Opec oil cuts along with a few other factors provide bullish bias for oil.

Technical & other

Setup: TC(RTF)
Setup timeframe: D
Trigger: 4h
Medium-term: Up
Long-term: Down
Min target: DMA(50)
Risk: 0.5R
Disclaimer

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