Loonie anticipation

Good Day Dynamic Traders,

Hope you are having a great weekend.
As I write this blog, there is an epic Wimbledon men's final going on and it is difficult to support one individual as they are both playing phenominal tennis and I have to give credit to their persistance and stamina. Without the psychological control neither of them would have been in the race up until now.

Today's chart is of the Loonie. Saba posted this chart around two weeks ago when price was contemplating a support line. Price has continued to hover around a similar region which happens to be a Fib breather level and has so far failed to break beyond it since the last 7 bars.

Should price manage to break up, it faces the VI and a Fib reversal resistance. Note the RN and MACD divergence in play. Time to get ready in anticipation of price providing guidance as to its next move.














Fruitful Trading!
Bijal Shah