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Dynamic Trader Blog - Forex Chart Pattern Signals

Friday, May 18, 2007

Loonie

Chart courtesy of Advanced Get. Data provided by eSignal.
Chart courtesy of Advanced Get. Data provided by eSignal.

Sorry, I had forgotten to mention in my previous post that the Loonie is at a support level (previous low) so watch this market here for a possible bounce. A break out and close is signs of even further weakness.

If a bounce does occur then you can use the stochastics strategy for a short entry.

Once again, have a great weekend and next update will be when we return on Wednesday.