New Post has been published on TRADE MASTER TEAM
New Post has been published on https://trademasterteam.com/forex-signal/free-forex-signal-december-20-2017/30644
Free Forex Signal December 20 2017
from the trader guy.com this is Chris Lewis and I am looking at Dollar Canada for the trading session on the 20th coming up and in front of you I have the daily chart you can see that I have 129 markdowns a level of importance we clearly keep running into resistance there at daily close above the 129 level Fried's this market and my estimation to go as high as 138 there's a couple different ways you can look at this you can draw a fib from the highs and you can see that we're banging up against the 50% Fibonacci retracement level but there are other things to take into consideration as well so as i zoom out to the weekly you can draw the fib from the even larger move and you can see that we have bounced from that 50 and I think this is what's causing a little bit of noise in this market nonetheless I am bullish to this market for several reasons not the least of which of the housing bubble Canada is gonna be dealing with here soon as I look at the hourly chart the 24 48 and 72 hour moving averages are all starting to move in the right direction and of course you can make an argument for a symmetric triangle a pennant I mean there's a lot of different ways you could go with this using this as a pen and it basically works out like a flag let's drew that and at that point it looks for about 132 or so based on the quick math I think we go much higher than that quite frankly but 132 is a reasonable target once we break above a 129