A Brief Rally

Chart courtesy of Advanced Get. Data provided by eSignal.

The USDCAD daily is at ellipse and has given us a reversal candle. Although not quite at the figure it was not far off it. A typical 4 count quite often is used with Stochastics and we can see it creeping into overbought territory. XTL changed to Flat and now I am looing for an entry point.

We have some heavy news items out today and Bernanke is also speaking.

FXCPS Team