X marks the Spot. The Loonie appears to be in an ascending trendline. I expect a break of that trendline this new week.
For a Bullish Price Action, I expect BULLS to challenge the Clean Highs at 1.33205 if we get enough steam.
For a Bearish Price Action, I expect a rejection at 1.32600 to tap into the Liquidity pools (Marked X). 1st Target at 1.30000. 2nd Target at 1.28000.
I am Bearish on this pair this week.
For a Bullish Price Action, I expect BULLS to challenge the Clean Highs at 1.33205 if we get enough steam.
For a Bearish Price Action, I expect a rejection at 1.32600 to tap into the Liquidity pools (Marked X). 1st Target at 1.30000. 2nd Target at 1.28000.
I am Bearish on this pair this week.
Trade closed: stop reached:
Failed trade. This has been updated.