USDCAD: I'm a (brave) oil buyer

This is a quarterly resistance so I consider it interesting to try considering the downside potential in this juncture.
If we were to cross my stop, we'd have to see how it fares against the next red zone above.
I'm thinking this is a significant low in the stocks and oil, and thus, a great chance to short USDCAD when there're no oil bulls left. Someone's holding all these giant CAD positions, and it's bleeding massively, they have to get squeezed soon, and I think the time is now.

If interested in receiving signals for Forex, Bitcoin, Stocks and Commodities, contact me privately for more information.
We're trading multiple markets, in the short, intermediate and long term with my group.

Cheers,

Ivan Labrie.

Trade active:

Seems to be working.

Trade closed manually:

I covered at 1.445 today, didn't manage to update before.
Looks like we're headed up. If short and losing get out asap.
Target: 1.46981

Comment:

(I'm long btw)

Comment:

Closed long at 1.465, had stop at entry for remaining 25% of position (got stopped at BE)
Now it's looking a like a top here.

Comment:

Talk about a good call...Shame my stop was too tight here.

Trade closed: target reached