29 June 2011

USD/CAD : Reversal, Back to DownTrend?

  • On all my 3 time frames, seeing reversal candles in the making.
  • Monthly : Shooting star. Long term trend has been consistently down thru' the recent whip.
  • Weekly : Dark cloud cover.
  • Daily : Breaking uptrend line support now. Let's see if the break can hold for say, 2 trading days.

3 comments:

Anonymous said...

People interpret the amrkets differently and place their bets on accordingly. This is why I love markets. I am short the loonie (at least on the daily timeframe) at the moment.

Good Trading!

BF

Taichiseal said...

Good luck to us all.

Financial Journalist said...

Hi Anonymous, have you gotten out of your short loonie position? Loonie had dropped like a bomb. Wow!