USDCAD short divergence set up
Updated
there is a bearish divergence on the 1hour chart and a double top was also formed, price went back retested and rejected the rectangle which is a strong resistance zone making there three conformations. there is a resistance around 1.41227 where price is currently failing to break through so be careful.
Note
on the one hour chart the second rejection of the rectangle i can maybe see tweezer tops which is also another bearish confirmation but depend on if you see tham as tweezer tops
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.