USDCAD - First Lower High - Divergence @ Resistance
Hi Traders!
According to this idea, the market is going to break
the daily Trendline bearish towards the next daily Support.
Here are some indications which supports our view:
If you have any kind of question or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
According to this idea, the market is going to break
the daily Trendline bearish towards the next daily Support.
Here are some indications which supports our view:
- First Lower High after a sequence of higher Highs
- Market at weekly Resistance - Break was rejected three times for now
- MACD shows decent Divergence
- Distance of higher Highs getting shorter
- Weekly Trend is downwards, this Up-Movement could be interpreted as a 38.2% Fib' Retracement
If you have any kind of question or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
