1.When price is below 55 -15 min
2. support breaks
3. (50)- also shows sell
4. strength should point upwards
Major resistance- 1.2960
Minor intraday support- 1.2915 ( joining 1.128617and 1.28985)
In the 15 min chart, the pair is trading below 55- and also broken the support. It is currently trading around 1.29030 level.
On the higher side, the minor resistance is around 1.2940 and any break above targets 1.2965/1.3000 in the short term.
Loonie’s major support is around 1.2860 and break below targets 1.2830/1.2780.
It is good to sell on rallies around 1.29030-1.2905 with SL around 1.2940 for the TP of 1.2861/1.2805