Sell on a level breakthrough of 1.2272 with 1.2172 target. Stop loss = 1.2322.
Reason for the trading strategy
Today the US Department of Energy will publish data on the change of oil reserves for the first week of June. They are expected to decline by 1.2 million barrels, and to support the oil prices. In the short term, the price of WTI oil will probably break through the upper limit of the $56,80-61,60 range and support the Loonie.