The end of Loonie’s strength?

Is that the end?

Seems that the strength of the Loonie (Candian Dollar) is coming to its end. One of the great trades that we can see that happens is the CADJPY.

Here is 4H chart:

There is very interesting channel and it is strong resistance area on daily chart. With the bearish pressure we can see and the bearish divergence, the pair will stop soon and begin the down cycle. The final target we will aim is the lower side on the channel

Enjoy this one

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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Vladimir Ribakov says:

August 22, 2012 at 6:14 am

Hi Dave

Well i set some levels like 80.4 as level to trigger. We are moving down already

Vlad