TradingView
0
All posts from TradingView
TradingView in TradingView,

Loonie Short?

Loonie Short?

CAD hardly broke this descending wedge this week and finished this week right at support. The wonderful market left itself right here as the USD slumped a bit from resistance to finish the week.

We would look to short on a break and retest of the green zone. If we rally back into the wedge, I want to see what happens near that down trend line. A rejection would lead to another retest of the green zone or fail. Momentum through the trendline would certainly lead to a retest of the blue zone above.