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ridethepig
Feb 28, 2019 1:12 PM

Oil weighing heavy on CAD Long

U.S. Dollar / Canadian DollarFOREX.com

Description

For this week we have a very interesting move with Oil being pulled down via demand shocks and incoming dollar strength via yields.

A great time for a review of our previous chart (see related ideas) where bulls came in as expected and defended 1.312.

Best of luck to those trading this pair...lets see how it goes!

Comment

Huge miss on GDP from Canada

Trade active

All targets cleared at 1.348 .. well done bulls !

Trade closed: target reached

Comments
TradingShot
I am personally expecting 1.3300 only to short it. This is what I am aiming at.

kayakhigh
GREAT CHART WORK !!! THANKS !!
ridethepig
@kayakhigh, thanks :)
pjgonzales
Agreed with this idea, have a similar set-up as well.
ridethepig
@pjgonzales, Thanks mate, good luck!
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