Loonie DT?

Good evening Dynamic Traders,

Hope you are having a good trading week so far. Lots of news items due out tomorrow and of course the big "NFP Friday" due in a couple of days.

A shorter timeframe (240) Loonie is on the agenda this evening. Last week when the Loonie featured on the blog it was around the 1.23 area, it broke out of the squeeze and has now made it to the 1.26 level with relative ease. It has reached a Fib breather level and tested it twice giving us a potential DT. To add to the confluences we have the proximity to the RN and also MACD divergence. The lower timeframes will provide a good entry point if your analysis provides the right confluences of events to enter the trade.














Good Trading!
Bijal Shah