UPDATE: We have made lots of money on this trade so far, well done to my signals group, and well done to anyone here who caught the idea too, we are well in the money now. So that's great for us all. We have broken the 30 psychological handle, we could see significant lows now.
When trading this it is worth watching USDCAD with this trade, as it will inevitably move hard when Oil breaks the 2009 lows (I suspect Oil will grab a lot of momentum when it breaks the 2009 lows because it will provide a rare technical opportunity to short Oil off of high probability momentum.
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Best of luck
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