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FullTimeTrader

USDCAD and USOIL- another example of negative correlation

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
FullTimeTrader  
FX:USDCAD   U.S. Dollar / Canadian Dollar
11
0
Here we can see a nice example of negative correlation in the market.

The USDCAD and USOIL broke strong levels of S/R last week

According to my previous idea i will be looking to buy near the 1.2000 area on USDCAD
USDCAD- a good area to enter long (1.20000)

The USOIL is facing a long term resistance also so we can look to sell near that area.

Best regards.
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