1.30 rejection

מעודכן
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?

הערה
Down 200 pips from a retest of the resistance.
עסקה סגורה: היעד הושג
250 pips down from my analysis :)
הערה
close to 400 pips!
הערה
450 pips!
Chart PatternsloonieTrend AnalysisUSDCAD

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