the only concerning thing here is the oil. if it keeps making new lows then idk. but it looks indeed very bullish
Lanmar
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We're looking to short which would imply another leg lower for oil and equities. Bear rally higher for oil and equities would imply an impulse move higher for cadjpy - opportunity to short with better r/r.
Piet.Hein
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Yes, agree, CAD and Oil walk hand to hand. Thanks for the comment!
Lanmar
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Very nice. Haven't noticed the channel. Would be a beautiful short at 88.75
Piet.Hein
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Thanks. For sure, lets wait and see if price gets there ;)