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Sunday, December 07, 2008

Loonie - Triple Top

Good Day Dynamic Traders,

Hope you all had a good weekend and are managing to get your Christmas shopping organised before the crazy rush happens closer to the festive period.

Today I have attached 2 charts of the Loonie. The daily chart suggests a potential triple top (not yet confirmed) with a lovely reversal hammer.













The 4 hour chart shows that price has bounced off the 1.3 figure and is currently at a Fib breather level. For a conservative entry south wait for confirmed break of the trendline or conversely a break of the resistance.













Good Trading
Bijal Shah
"We get to make a living; we give to make a life."
Winston Churchill

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