We have the US dollar weaker again the CAD right now, so is it just a retracement back to the daily 21ema ( Red Line ) or is a deeper move lower. Which would make the CAD  stronger again the Us dollar . On the daily chart you can see the stochastic  has cross downward in the over brought zone, Some Bears would be looking to sell right now and price has respected the downward trend resistance line. There is still lots of time to play this more down

Sell order :  Price has broken support @1.3100 lever look for a 123 pattern on a smaller time frame chart to enter a short order.

Buy order : WS1 @1.1351 looks a good support zone . enter on a 123 pattern to enter a long order

good luck trading today


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.