]Hello everyone, just my view on USOIL
. I don't trade cad pairs because it is so heavily linked with USOIL
and I haven't had the best track record with cad pairs. However just for analysis purposes I am posting this chart. By this count we can see that USOIL
has broken a very crucial reversal channel. One might have a chance to sell this pair since I am expecting a minor pullback towards the top trend line
. Break of the ABC flag will take down this pair to lower lows and the weakness in CAD could be at an all time high.