USDCAD - Long | Closed Oil Long
Taking a risk here with USDCAD to the long side, as it looks like a great risk-reward setup.
This trade implies some a bias to the downside in oil. As previous posts will confirm, I have been bullish on oil; however - the recent failed move at $109, represents the second lower-high within a bearish structure. As such, I am comfortable with the expectation that oil needs some time to figure out a direction.
That's all for now.
May the Lord bless you!
-Chief
This trade implies some a bias to the downside in oil. As previous posts will confirm, I have been bullish on oil; however - the recent failed move at $109, represents the second lower-high within a bearish structure. As such, I am comfortable with the expectation that oil needs some time to figure out a direction.
That's all for now.
May the Lord bless you!
-Chief
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