With the break of the uptrend, I see the possible formation of a downtrend.
The Weekend Gap is a good opportunity, since it will likely fill.
This Weekend Gap looks like a good oscillation .
The Bears easily out performed the Bulls on this one.
The Bulls could not keep traction, and now Bears have control.
Those Wicks, mean that the Bears aren't playing around.
I'm in at 1.22311
Willing be looking for candle formation at support, to see if
momentum, will drive through support or hold.
From a fundamental standpoint, the Bank of Canada is going dovish, considering QE,
and the Price of USOIL, has the risk of losing traction, and Canada's economy is somewhat contracting.
Meanwhile, US economy is expanding, and the USD has its best bullish rush.
I would not sell such a strong bull rush . ...