Currently testing the 61.8 for a possible support area. This is illustrated on both the daily and 4hr chart. Along with the fib retracement level, we also have the mid channel pivot which could add some additional support.
My idea here is to enter long considering the overall trend itself is also bullish. Tomorrow we have Canada reporting their unemployment figures. I expect on a seasonal basis for Canada to under perform in the winter months and should provide a disappointing jobs report tomorrow and thus lower the Lonnie.
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Please don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Trade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
My idea here is to enter long considering the overall trend itself is also bullish. Tomorrow we have Canada reporting their unemployment figures. I expect on a seasonal basis for Canada to under perform in the winter months and should provide a disappointing jobs report tomorrow and thus lower the Lonnie.
-------------------------
Please don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Trade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.