As mostly people know if any one donot know so after this Chart understand. If Cad will Strong Oil will Strong where Cad will Week so oil will week. But now if you see its very complicated things.
Details you can see below .
usdcad Bracing for 1.29-1.31
or
oil bracing for 52-54
we made Few Analysis must share with you
On may 23-25 May Oil was 52+ Where Usdcad was 1.3550
On June 28-30 June oil was 47 where Usdcad was 1.2800
Now where oil Trading around 46.2 After touching low 45.5 where Cad is trading around 1.2500. So now in this condition oil can go around 52-53 which have low chances as oil have strong Resistance above 47.5 where Cad have strong support 1.24-1.2450 Its also monthly low also.
So now if usdcad hold above 1.24 a big jump expected may b toward 1.28-1.31 level soon
Advice to buy with small lot size cmp 1.2510-1.2450 SL 1.2380 TP 1.28-1.30
Details you can see below .
usdcad Bracing for 1.29-1.31
or
oil bracing for 52-54
we made Few Analysis must share with you
On may 23-25 May Oil was 52+ Where Usdcad was 1.3550
On June 28-30 June oil was 47 where Usdcad was 1.2800
Now where oil Trading around 46.2 After touching low 45.5 where Cad is trading around 1.2500. So now in this condition oil can go around 52-53 which have low chances as oil have strong Resistance above 47.5 where Cad have strong support 1.24-1.2450 Its also monthly low also.
So now if usdcad hold above 1.24 a big jump expected may b toward 1.28-1.31 level soon
Advice to buy with small lot size cmp 1.2510-1.2450 SL 1.2380 TP 1.28-1.30
Comment:
Both Entry now on way and Trade running with 150+ pips See how Simply system but people focus on Complicated things .
Comment:
usdcad 1.2720 Cheers Wait for TP both entries giving 450+ pips