FullTimeTrader
Long

USDCAD and USOIL- another example of negative correlation

FX:USDCAD   U.S. Dollar/Canadian Dollar
328 0 11
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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