Loonie - What next?

Dear Dynamic Traders,

Today's focus is the Loonie. I have posted below the weekly, daily and 120 time frame charts.

The weekly shows the recent downtrend and weakness confirmed by price breaking through a trendline, Fib breather level and the value index.














The daily chart shows in more detail the period of oscillation followed by the downtrend and price just having done a pullback to test the trendline and bounce down from it.














The 120 looks interesting as it could potentially be formaing a head and shoulders pattern which if it holds true could confirm further weakness and provide some target projections. From the education provided by Javid, you will have a choice of relevant tools to implement for a good entry.














Good Trading!
Bijal Shah