Bearish flag inside a channel, bouncing off inner trend line . Next bearing impulse looming. The set up is not complete on this time frame . Still in consolidation depending on what time frame you use.
I use fibs to plot potential targets on higher time frames. It would likely take months to see 1.12ooo's at outer trend line .
Looking at the big picture- manage on lower time frames.
Just and idea.Thanks.
Protect account 1st
Now that they have all agreed to manipulate oil price for their own gain, legally of course. This I see as positive for the cad (short term). Remember we have more oil in available then we did 80 years ago! Chart playing out as I thought. We may see 138's as we broke 132's. Still dovish to me, I'll wait for my next sell opportunity :)