USD/CAD selloff into support

75 0 6
3 months ago
OANDA:USDCAD             UC             has sold off after a nice rise in a channel. the selling was caused by a weakening in the USD and strengthening in CRUDE OIL             . traders have been moaning about the lack of correlation between the rise in oil             prices and UC             when the USD was being ramped up prior to the FED minutes and YELLEN speech.

so if we forget about the news and look at the 30 min chart we see a hard break in the UP channel support and UC             descending in a tight triangle pattern which is reaching its apex so we need to watch this price very closely for a break in the TRIANGLE.
3 months ago
Trade active: weekly close was breached during the JAPAN open after providing support for most of the day during the USA session. CAIPORA told me to watch the weekly close for clues and he was right!

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