This post was posted in the members section on 5-23-2016, we are posting to the public on 5-27-2016.

Our target was hit on the article below for +128 pips.

Hello Members,

The OIL move continues, however we are still not seeing the USDCAD move lower by much. I think this will change soon as fundamentals will soon kick in. I decided to send out a short call today with an average fill at 1.3148, we saw this move drop below 1.3100 then pop back up to run stops above highs. I feel it popped back up because we hit the 20 period moving average on the 4 hour chart. Of course we came right back down now in Asian session.

What can we make from these moves? We have OIL popping making new monthly highs, yet we have USDCAD staying high as well. Well the bottom line is we hit a major weekly level recently at 1.3180 level this was the 20 period moving average on the weekly. This is an area that is very typical to see at least a temporary adjustment back down. Now where do we target. Well lets face it this thing has made a monster run, so I do not want to be greedy, but we need to give our target space. I am targeting the 1.3015-1.3020 area with a stop at 1.3215 area, however we may come below 1.3000 is OIL pops above 50 and runs stops. We must also keep in mind that we have several market making banks putting buys on this in the last few days, so this tells me they are probably unloading and looking for buyers, or going short and looking to find more liquidity for their positions to not hinder the price action before the move. Either way, the stop is in and the emotional temptation to touch the trade is OUT!

LONG USDCAD - 1.3148 AVERAGE STOP 1.3220 TARGET 1.3015

Note the images below. One is USDCAD. We have lots of signals here. Bearish divergence on OSMA, Stochastics and price.

Here is oil you will see bullish divergence which tells me this may be the closest thing I have seen in a while for a 'perfect trade'. Does not mean we are sure to win but I am sure to put more leverage on this one!