Potenial reversal on Loonie
Updated
Price action coming from Bearish trend and bouncing off a very important support level which held 3 times during the past week.
If this level is broken to the downside then the Bearish trend is expected to continue pushing price level to the 30s. Hoever, if the level holds and we get a bullish signal, then might be a good area for an outside return to the 32s before price resumes its bearish trend.
Let me know your thoughts
If this level is broken to the downside then the Bearish trend is expected to continue pushing price level to the 30s. Hoever, if the level holds and we get a bullish signal, then might be a good area for an outside return to the 32s before price resumes its bearish trend.
Let me know your thoughts
Trade closed: stop reached
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