Loonie - will it break 1.0000
Good Morning Dynamic Traders
.. and what a lovely morning it is!
I'm sure some of you have CAD on your watchlist. The short term and aggressive traders may well have profited already from the last few bearish days.

The swing opportunity for a short may well be on the horizon. Price has already tested 1.0000 level and reacted with a classic indecision candle (albeit small) and a current bounce up. MACD is also converging. The question is, how big will the bounce be - is it simply a breather before mustering up the strength to break the significant figure and resume the downtrend? Or could we see the beginnings of a reversal?
The answer: Nobody knows. The markets will simply do what it will do. However, what we can do is gather our confluences and be ready and prepared should price give us the confirmation we're looking for a trend trading opportunity. I'm awaiting a clear BOB of the RN and recent low for a short entry.
As always carry out your own analysis, plan your trade and follow your rules. Have a great day.
Abundant trading!
Sonia Molina



















