Description
⋅ 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.