OIL AND USDCAD ARE SUPPOSE TO TRADE CONTRARIAN. NOT DONE FOR 6 MONTHS. EXPECTED FED RATE HIKES (4) FOR 2016. ACTUAL (0)! 600 PIPS ABOVE LOW. WHAT DOES THE MARKET KNOW? OIL ROSE BY 90% (26 TO 50) WHEN NEWS SAID "WORLD GLUT" OPEC ATTEMPTING TO STABILIZE OIL PRICES NOW.
Nota
Not a sell recomendation yet!
Upside potential is very possible. .618 next perhaps. Must look for setups to go short on smaller time frame. Diagonal pattern forming.
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