TRDVMA

USD-CAD Is it time to jump long right away?

FX:USDCAD   U.S. Dollar / Canadian Dollar
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I know many of the traders are impatient now and they must be asking themselves this question (like myself). There are the following reasons that the timing is NOT ripe yet. If you can stomach some draw downs then it may be perfectly OK to enter for you but I will list 2 important facts and I will wait until these 2 conditions satisfy me in order to enter long
1-Oil (Brent)
2-US Dollar index            

The charts are below. Oil             is heading to the upper channel shown on the chart and