848evo
Long

USDCAD Long Trade

FX:USDCAD   U.S. Dollar/Canadian Dollar
22 0 0
PA has crashed down very hard in a very short period of time given the combination of a weaker dollar and stronger oil             , but the RSI is extremely oversold and we need to see a correction in PA to re-balance the market. If PA moves above the swing high, I will get in for a retrace back up to re-test a broken resistance level and also where the 61.8% fib is.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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