General overview for 24/11/2015 10:15 CET
The top for the wave a green is in place and now some internal corrective sub-cycle should unfold. The weekly pivot at the level of 1.3323 is currently providing a good support, but any breakout lower would indicate that the next weekly support at the level of 1.3278 will be tested.
Support/Resistance:
1.3447 - WR2
1.3433 - Intraday Resistnace
1.3403 - WR1
1.3334 - Intraday Support
1.3323 - Weekly Pivot
1.3278 - WS1
Trading recommendations:
The yesterday buy orders' TP level was missed by 15 pips, but the trade was in profit for the most part of the day. Today however, the R/R ratio does not allow us to open a position in either direction, so traders must wait for a better trading setup to occur.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CAD for November 24, 2015 . Thanks for your support.
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