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Support in oil may offer scalp setups in CAD

After a strong break in oil and a nice rally, we once again see the commodity turn bearish. To start the week, the instrument has been pushed towards the lower end of a down channel without much of a push to move it lower. While at these levels we may see a potential for a correction higher before continuation of the lower move. Please she the 4H chart of oil below.
While above the boxed area, we have potential for a push higher.
A look at CADCHF, shows that though the pair is also in a down tre…
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USDCAD H4 Short Time at 1.2963

USDCAD H4 Short Time at 1.2963
StopLoss : 1.3020
TakeProfit
Level 1 : 1.2910
Level 2 : 1.2830
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PerfomA 20 juillet

StopLoss ( - ) 57 Pips

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Long DX, Dollar for a scalp

Long #DX 1st target 89.74 2nd target 89.86 for a scalp.....calculated levels for Resistance
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