AnishBadwe

Short if Oil opens higher!

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
On Friday at 13:40 EST UKOIL bounced off of $61.80 and worked itself up a bit.
At 13:40 EST USDCAD reversed as well.

A bearish hammer was formed at the upper bollinger band.

Short if and only if:
1. UKOIL opens higher
2. Slow stochastic turns down from the overbought zone

Short position will be strictly short-term and dependent on the performance of UKOIL.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.