Well one thing is for sure they can't let this crash during the last few months of the Presidential elections or TRUMP is in for sure!!
and could rally the shit out of it if Hillary wins either way a major crash is going to happen but I think their will be a parabolic move up first. In the MSM their is lots of talk of shorting the market, which can only mean one thing.
A retouch of the 50 ma followed by a continuation of the down trend. July/August seems to be a time when the trend change in oil happens, check previous years as reference.
Okay USD/CAD which direction?? Been looking on tradingview and some good traders are picking to short this pair.
I am going to wait for the brake out. The only thing that might make me think to go long is OIL seems to be trending down and has trended down previous years around this time, late july.
The weekly chart seems to be turning up. USD/CAD is consolidating and oil looks to be turning down. The market may pick a direction soon and I want to just follow the trend
I have long some bitcoin but I am waiting for more confirmation to go long with leverage. This isn't a recommendation to buy or sell. I am just sharing me idea of the direction of price
We have a almost a .618 retracement on the 15 min. Europe might continue the downtrend early short tonight. Might trade CAN/JPY or USD/CAD for a trade.
I quote Mr. ChessNwine "No trigger, No trade"
Does anybody think this is the low in Oil???, I doubt it!
Straw Poll! Cast your vote!! strawpoll.me
Oil at its high and chopping around. Might have to wait until after hours trading before a move. If oil brakes trend line of the 5 to 15 minutes in after hours might be a trade in USD/CAD.
If the USD/CAD flushes to the lower trend line and brakes the down trend line from lower highs. I might go long. It will be a few hours before this comes up.
