FOREXEL

USDCAD vs Crude Oil - Short term

FX:USDCAD   U.S. Dollar / Canadian Dollar
56 0 3
I believe 1.1919 area is pretty much the bottom for USDCAD             for now (short term) and Crude Oil             will correct lower again towards 58 bucks a barrell to start with and then 56 bucks ( ish             ). See separate chart for my USDCAD             (Long) trade for more details if you like the idea.

Risk to consider
The dollar index             must find a bottom at current levels as well and there cant be any Bunds sell-off for this trade to work. If not then USDCAD             will head lower than stated above
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