Where will the Loonie go?

Good evening Ladies and Gentlemen,

Hope you have had a good week so far. Last update for the week features the Loonie.

Price has found its way back down to familiar territory - the trendline support and has been resting at almost the same lows for each day for the last 6 trading days. The last couple of candles show some tell tale signs especially when combined with RN. We need some further clues to take decisive action so further below is the 240 chart.














The 240 chart provides more data and a squeeze formation. Price is having a breather after a big move down. Should it break through, it can go one of two ways (lol), either back north towards the previous resistance or down south towards pre-established support. Either way the smart money will get ready to take advantage when the markets are ready to provide some action.














Good Trading!
Bijal Shah