Cabot101Management

Okay peeps have set the entry on the breakout !!!!!!

FX:USDCAD   U.S. Dollar / Canadian Dollar
Right now , the USD has seen some flow today and its regained 75 pips on the day against the loonie , the USD in my opinion is undervalued and had a tough time of late , however right now its also a risk off day and the US MKTS could turn around tomorrow if they do we are short the pair from MKT but I just feel we are going to get another day of the MKTS taking a breather so I feel this pops and when it does we will be running a tight S/L so MR . Market doesn't steal my hard earned pips lol . Its being held back by the 0.618 fib line too .

Its also good to note that right now OIL still has some leg room to the upside please see chart below before it starts to see the sellers come in ...
so the odds are tilted to the downside for the pair but im gonna be watching like a hawk .....
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