Oil price is totaly overbought. There is a strong correlation between CAD and Crude Oil, we saw also strengthening in CHF. We will have some high impact news on wednesday, so we are preparing a low risk trade at the top of the trendchannel. Splitting risk into two positions, one for short term, the other for long term. Expecting a huge downmove! Put the stop to entry as soon as possible, at the latest on wednesday! Good luck.
Trade active
Trade closed: stop reached