OACFX

OACFX

Price has two options as always, just put in a huge inverted hammer on the 4H signalling a possible bullish reversal. I wish to wait for the 61/8% retracement for a long and the BEST RR possible from this trade. USD CAD and DXY also monitored closely to see affected correlation.

OACFX

USOIL forming a textbook flag pattern, where AB=CD. Therefore PA is squeezing in the consolidating flag, waiting for the next pop to the long side. 10:1 RR on this trade due to strong daily trend lines. DXY is weakening, therefore correlating USDCAD will fall and make way for oil longs. Price bounced of daily .618 fibonacci level making way for a severe bull run...

OACFX

Description on chart ^ Don't forget to follow me on Twitter @oacfx and instagram @millionaireat21

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Breaking CTL to the downside to continue bearish trend

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Breakdown of oil chart for new strategy

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Buy

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Breaking out of flag

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Bouncing at fib retracements

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Upward expected

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See whats going on

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After awful news reports today, I am sceptical about the bullish potential of the USD, however the rejection from the historical support is a indicator of future bullish power. on another note, will USOIL crash as opposed to the rise of USDCAD?

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Short entry on bearish engulfing at 6pm if closes attractively

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What is going to happen?

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CORRECTION

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It can do it

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Triangle

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SHORT

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GBPUSD