USDCAD, Long position, 5th wave awaitingUSDCAD, Long position, 5th wave awaiting
Trade idea parameters:
240 minutes timeframe
Buy: ½ USDCAD at market 1.3055, balance at 1.3010
Stop: 1.2970
Target 1: 1.3150
Target 2: 1.3355
Time horizon: 3-15 days
Light
BRENT UKOIL BBL ADJUSTED IN RUSSIAN RUBLES. ROUBLE BARREL.
Look forward for further upside movement as a result of the 3050-3100 triangle wedge climbing.
By this way the price could reach 4400-4500 levels before spring, 2018.
Based on my last idea even 85-87 levels in USDRUB were good to keep Long hedged by Long in UKOIL from $25-27.
WTI CRUDE OIL OUTLOOK FOR Q1 2016YLook forward for further trend movement. Log scaled chart.
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WTI CRUDE OIL OUTLOOK FOR Q1 2016Y
Crude Oil Daily ChartWell currently the price has formed a double top, we also have a shooting star candle at point 3 around 62.48$. Currently 2 places to short:
Short Entry 1:
Short @ 0.764 Ratio==57.75$
Stop loss @ 63$
Take Profit @53$
Short Entry 2:
Short @ 0.618Ratio==54.85
Stop loss @ 63$
Take Profit @ 50.16
