COMPARED TO ANOTHER pair, the range on LOONIE is not really interesting. It's likely form a rectangle pattern and I assume the next move will be down as shown on the weekly chart that the rectangle is formed below EMA's.
The price will likely make a pullback before the price continue drop, even though the range is not really appealing but the movement is pretty clear for me.
The price will likely make a pullback before the price continue drop, even though the range is not really appealing but the movement is pretty clear for me.
Trade closed: target reached
I got a pretty nice setup by monitoring confirmation on H1 Chart, grabbing 80 pips profit.Congrats to everyone who sell-short Loonie!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.