TRDVMA

Brent Oil Update

FX:UKOIL   Crude Oil (Brent)
140 1 4
Seems like there is still some juice left to reach the upper channel trendline , where the wave counts complete. Before jumping long in USDCAD             , I would wait for this point to be reached and the Oil             changing it's course. USDCAD             is also at the boundary of it's own trend channel (analysis will follow), with a wedge noticed at minor timeframe levels. Not the perfect time to enter long with this pair. Shall wait.
Comment: still room to go up, albeit not too much.
Comment: Breakout occurred. Time to go long on USDCAD.
snapshot


Target point. Safe to enter long USDCAD
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