USDCAD vs Crude Oil - Short term

I believe 1.1919 area is pretty much the bottom for USDCAD for now (short term) and Crude Oil will correct lower again towards 58 bucks a barrell to start with and then 56 bucks (ish). See separate chart for my USDCAD (Long) trade for more details if you like the idea.

Risk to consider
The dollar index must find a bottom at current levels as well and there cant be any Bunds sell-off for this trade to work. If not then USDCAD will head lower than stated above