As the market continues to push lower we have approached the end of the beginning of a potential trend continuation opportunity. Testing the true low of 2016, we may relieve the spontaneous Loonie Bull pressure before breaking through that resistance level around the 1.2520ish handle and retesting structure levels with a series of lower highs and lower lows.
For the sake of clarity, longing for the shorter long term is feasible. Longer term technically speaking being short could be favorable. #FFT
USDCAD
For the sake of clarity, longing for the shorter long term is feasible. Longer term technically speaking being short could be favorable. #FFT
USDCAD
Comment:
The market moved downward more than expected. Which could be a sign of reversal from downside bias.
