FullTimeTrader

USDCAD and USOIL- another example of negative correlation

做多
FX:USDCAD   美元/加元
11
Here we can see a nice example of negative correlation in the market.

The USDCAD and USOIL broke strong levels of S/R last week

According to my previous idea i will be looking to buy near the 1.2000 area on USDCAD

The USOIL is facing a long term resistance also so we can look to sell near that area.

Best regards.

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