Look for the sell setup
Look for the price action
The price is facing resistance
3 Areas to watch
Repeating past behavior
Moving in the channel ...
there more potential to the upside
Same as GBPUSD look for the Long Opportunity
price is facing support line from previous structure
If break bellow then it could test the previous low.
If does not break below then could go up again.
Look like a long opportunity
Watch price action to see which scenario will happen...
USDCAD is still in the uptrend the channel, if the price does not break the support line then moving up is more likely.
Testing 87.478 again
if price does not break up then if could test 0.618 and 0.5 Fib Level
Full view of oil price action.
Now awaiting for the OPEC Report release.
Watch for the price action.
Opec members have cut their production and some cut even more than expected.
this could mean a new high price on Monday.
Opec will have a summit later on Monday morning.
Prie could experience a new high.
Sterling is facing resistance, the price might test 0.618 Fib level before moving up again.
Price is currently unable to break previous structure resistance...
Oil has been in a channel for a while. Let see if the price would drop below 50.