The Way of the Loon

I feel $/CAD has reached a turning point.

Chart-wise there's nothing to really say so , however with inter market bottom picking analysis, I come to the Conclusion that it has reached a medium term turning point.

-Oil prices are diving.
-Rising interest rates in the US (other countries will follow , but that gives the US$ the advantage of the start).
-Euro is not going anywhere but ranging inside a downward triangle (Look previous blog chart for Euro)

Can Canadian continue after the merges are done , while all the above continue?

Therefore CALL $/CAD STRIKE 1.1200 (spot ref 1.1092) Expiracy January 10 .(Premium 90 pips , Target 1.16-1.20 january)

The time has come for the Loon to pick-up it's wings and fly away once more.

Oil man.