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1. Today we had an agreement from OPEC for the first time since 2008, and CAD also released a positive deviation data on GDP m/m; things were looking good. However, WTI did not close high above $50, and the OPEC meeting not only did not produce enough confident, a lot of skeptics over the effective of the implementation of OPEC members. This was also the reason WTI was not able to closed above $50. Meanwhile, USD had another great job datas, inflation datas and now the fundamental and sentimental future of USD are just solid and strong. I want to enter this trade because even though we had the OPEC positive sentiment, the positive CAD GDP and oil is denominated by USD so a surge oil price should pressure USD - however, we actually had a stronger USD versus CAD with beautiful bullish kangaroo tail. It just shows how strong USD actually is, and the 9% - 10% surge into WTI today actually give it more possibility to drop as profit taking because traders don’t even have enough confident to begin with in the oil market.
2. The catalyst was the OPEC meeting, CAD GBP M/M & USD ADP non-farm employment data
3. We’re very close to near term resistance which is one of the risk we have, but in the longer chart we’re still far away from upside.
4. The risk is near term resistance, continuation of bullish sentiment into oil market, the Friday’s non-farm payroll and CAD employment data, the profit taking of USD
5. I’ll mange it with daily chart but move my SL to BE or tighten it up prior to NFP
6. Yes because i have enough faith in my analysis, however, i’ll tighten the SL perhaps in Hourly after i get filled. 

LONG USD/CAD
@ 1.3474
SL @ 1.3274


NOT FILLED SO CANCELLED