Of course this is not the exact entry and target but the general gist of it. also the inflation data had been released and it's low as per expectation, and now that FX:USDCAD had made a upthrust, liquidating most SL's it's an opportune time for sells.
According to my analysis TVC:USOIL should run till this zone due both Technical and Fundamental Reasons. It could possible not go to the zone and reverse before so stay cautious. I'll be talking longs in the short time frames and let it run up, view every dip from a buyers perspective. The best way to take advantage of this opportunity is shorting FX:USDCAD ...
Most probably Heading to the top now. Think it might even be making a new High but the probability is definitely too low to consider now while taking into consideration the other Factors such Global Cues and other Seasonality analysis.
My strategy with this will probably risking 1% capital in Equity and 2%-3% writing Hedge in F&O.
Will most likely go down substantially due to various factors. The horizontal line will be the first TP as 1:1. If the Stop-order is not triggered tomorrow I'll cancel it.
