1.30 rejection

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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?

注释
Down 200 pips from a retest of the resistance.
交易结束:到达目标
250 pips down from my analysis :)
注释
close to 400 pips!
注释
450 pips!
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