Dovetailing into Anilmangals earlier post today...
There is also a bearish butterfly pattern around the 1.3600 level so any bearish indications there would potentially open up a low risk high R:R trade to the downside possibly down as low as 1.2340 or even 1.1673 longer term
Watch the Cad space, likely to move inversely to Oil (which means look for clues to go long Oil if USDCAD reaches this 1.3600 level)
There is also a bearish butterfly pattern around the 1.3600 level so any bearish indications there would potentially open up a low risk high R:R trade to the downside possibly down as low as 1.2340 or even 1.1673 longer term
Watch the Cad space, likely to move inversely to Oil (which means look for clues to go long Oil if USDCAD reaches this 1.3600 level)
Trade closed: stop reached:
-1R Loss