JabezZinabu

Canadian Dollar Key technical level

CME:D61!   Canadian Dollar Futures
Canadian dollar             at a 2 week support level , in terms of shorter term counter trend, this could be a good buy level targeting the 61.8 Fibonacci extension as possible resistance, however looking at the larger trend, if price were to break support- look for a larger continuation to downside.
Comment: Inverted cup and handle bearish pattern further confirms short bias
Nice buy, Retest and goes higher?
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JabezZinabu kerttujallai
@kerttujallai maybe, looking to see if it can push past this resistance with strength first but if not a strong move, looking for a short trade
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