Oil Potential Move...
Short term buy opportunity..
moving in the channel
Target 1: 1.23
Target 2: 1.24
Seems like oil is going to test the support line...
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.