The loonie has rejected the major resistance of 1.30 and it looks ready for a bearish move.
On the weekly chart there's a shooting star candlestick with a rejection wick of approximately 170 pips. That is shown as a bearish engulfing on the daily timeframe.
I will personally look for a retest of 1.30 or a small retracement towards it before placing any sell position.
What's your opinion on the loonie?
On the weekly chart there's a shooting star candlestick with a rejection wick of approximately 170 pips. That is shown as a bearish engulfing on the daily timeframe.
I will personally look for a retest of 1.30 or a small retracement towards it before placing any sell position.
What's your opinion on the loonie?
Kommentar:
Down 200 pips from a retest of the resistance.
Trade geschlossen: Ziel wurde erreicht:
250 pips down from my analysis :)
Kommentar:
close to 400 pips!
Kommentar:
450 pips!