Buy USDCAD Targeting 1.36
The USDCAD is forming an ascending triangle that is slowing breaking out of the 132.5 area. Currently, oil just hit a major resistance area of $50 meanwhile based on the crude COT report warns of further losses. Also, the retail crowd is heavy short the USDCAD, which points to gains. I just got long again yesterdays pin bar targeting the 1.36 area. This should provide a decent amount of resistance and offers a 5:1 risk/reward trade.
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