CAD Snapshot:
Intraday 25 pip Swing Point moves are Long above 1.0190 and Short below 1.0140. Previous 8 hour session range 80 pips. Weekly range 160 pips. Opened below the Neutral Swing Point with an initial Short bias. Favor a Trade Plan straddle (both long and short pending orders) to T1 and bank.Main Sup and Res areas: 1.0480 and 1.0150. Daily price action is Short, into a Short trend (sell resistance), and a downwards trading channel. The overall trend changes to Long if 1.0450 is taken out. Cad Employment on Friday will be key.
Intraday 25 pip Swing Point moves are Long above 1.0190 and Short below 1.0140. Previous 8 hour session range 80 pips. Weekly range 160 pips. Opened below the Neutral Swing Point with an initial Short bias. Favor a Trade Plan straddle (both long and short pending orders) to T1 and bank.Main Sup and Res areas: 1.0480 and 1.0150. Daily price action is Short, into a Short trend (sell resistance), and a downwards trading channel. The overall trend changes to Long if 1.0450 is taken out. Cad Employment on Friday will be key.
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