The USDCAD is on edge and threatening. 10886 is the Inflection Pivot keeping the MKT in an aggressive sell posture. Look for FADE and REVERSAL opportunities in the 10886-10855 zone. Things do have the potential to get emotional with 1.0320 the extended target for any new trend move south. Look for immediate support today at 1.0697-1.0687 if things start to unwind. 10766 is the current confirmation breaking point. A rise above 1.0926 negates this opportunity.
JS
This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.
