If The Shoe FITZ

Nobody Probably Cares...BUT

CADNOK is a LOVELY chart

 Potential bearish outside day today on a close below 7.8321. There have been 5 of these since December and they have all worked well.
 
Even more compelling is the lovely double top that will complete on a close below 7.8316 and suggest a return to test the Dec 2023 7.6183 low
 
With Canada CPI the most exciting piece of data today at 8.30 am EST....maybe we are setting up for a downside miss??
 
That print may well determine if we get these breaks today.
 

 

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Tom Fitzpatrick

Tom Fitzpatrick

Tom Fitzpatrick, now the Managing Director of Global Market Insights at R.J. O'Brien, offers an impressive background. Originating from Ireland, his journey began at Chase Bank of Ireland, evolving through pivotal roles in foreign exchange (FX) at HSBC and Nedbank. His expertise expanded at Citibank in various global positions, culminating as Managing Director and Global Head of the CitiFXTechnicals product, delivering award-winning analysis across multiple asset classes.
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