Ocean Rig UDW Inc.(NASDAQ:ORIG)
$ORIG POSSIBLE BULLISH SETUP, 5TH WAVE ABOVE 0.75 INCOMING
August 12, 2016
Shares of Ocean Rig UDW Inc. ORIG, were nearly halved in premarket trade Friday, after the oil services company said it would continue to explore reorganization strategies that could include bankruptcy given the continuation of "extremely negative" market...
USDCAD, Long position, 5th wave awaiting
Trade idea parameters:
240 minutes timeframe
Buy: ½ USDCAD at market 1.3055, balance at 1.3010
Target 1: 1.3150
Target 2: 1.3355
Time horizon: 3-15 days
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.