is forming an ascending triangle
that is slowing breaking out of the 132.5 area. Currently, oil
just hit a major resistance area
of $50 meanwhile based on the crude COT
report warns of further losses. Also, the retail crowd is heavy short the USDCAD
, which points to gains. I just got long again yesterdays pin bar
targeting the 1.36 area. This should provide a decent amount of resistance and offers a 5:1 risk/reward trade.