X marks the Spot. For a Bullish Price Action, I still expect more UPside this week on the Loonie with final Target at 1.38000. We may experience some BUYing around the 1.32900 region. I expect this to be short-lived.
For a Bearish Price Action, I will be looking to open a SELL position at 1.38000. 1st Target at 1.27800 2nd Target at 1.25400 3rd Target at 1.22400 4th Target at 1.20700
I am neutral on this pair this Week UNTIL 1.38000 is hit OR price shows a reversal.
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I'm not interested in SELLing this pair just yet...UNTIL I see a clean break and close below 1.32800. I may be interested in opening a SELL position if/when we hit 1.38000
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Update...I will be looking to open a SELL position at 1.32900. 1st Target at 1.27800 2nd Target at 1.25400