End of corrective wave.
Expecting a reversal @ 1280
Break and test of descending channel. Target @1.82000
Oil just bounced at the 52.00 DEMAND Level. We anticipate the 60.00 SUPPLY as our target. With Correlation principle in place on can short the USDCAD.
CONFLUENCE 1. Reversal @ SUPPLY 0.92000 2.Head and Shoulders(Reversal Pattern) 3.Uptrend line breakout and Retest 4.Positive Risk Reward Ratio
