On the other hand, if you think USD is going to straighten OIL could go the opposite way.
Also, mind the Iranians.
Stops have to go above 56.60.
I'm in the trade but only as an offset. I think USD is going to weaken therefore oil will go up bout not for long.
If you think USD is going to weaken this could be a good opportunity to buy.
Problem is that Europe is slowing down although that may be because half of Germany and others are still vacationing.
FED on Friday
Stops have to go below 1.10630.
I entered a small position already at the retest1.1800
I still hope a 1.1800 retest to ad on.
If you happen to be a bull on oil this could be a good opportunity to buy.
SL have to go below 50.50 or below 50 if you are a super bull.
Personally i think we are going to see 48 before we see 63 therefore i'm treating this ass a correction.
Price broke major resistance level at 1.1280 (Mp and higher time frame fib).
I entered another small long position however i'm hoping prince will come back to retest 1.1285 next week possibly at market open on sunday.
Stops have to go below recent low at 1.1250.
Same as on USDCAD pink zones are support i'm going to buy in those zones this week.
Note China's economic situation influence substantially on this pair therefore US China trade negotiation will influence this pair havely.
Unfortunately stops have to go below wS1 at 0.71580.