Fundamentals:
Not the most perfect trade backed by fundamentals
- Crude oil is bleeding badly now
- If crude oil falls further, CAD will likely fall
Nonetheless AUD easing and crude oil recovery may bring this trade success
Technicals:
D1 downtrend, bearish gartley
H4 possible downside breakout to uptrend indicating possible trend reversal
As mentioned, not the best trade to enter due to a bearish crude oil.
Nonetheless, I have entered this trade owing to its decent Risk-Reward of 1:8, with fingers crossed.
Not the most perfect trade backed by fundamentals
- Crude oil is bleeding badly now
- If crude oil falls further, CAD will likely fall
Nonetheless AUD easing and crude oil recovery may bring this trade success
Technicals:
D1 downtrend, bearish gartley
H4 possible downside breakout to uptrend indicating possible trend reversal
As mentioned, not the best trade to enter due to a bearish crude oil.
Nonetheless, I have entered this trade owing to its decent Risk-Reward of 1:8, with fingers crossed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.