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DLavrov

USDCAD Bearish Divergence

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
DLavrov  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Support and Resistance Technical Indicators USDCAD Forex
54
8
trendanalysis supportandresistance indicator usdcad forex
The trading idea is based on a trend reversal signal. The price diverges with RSI and MACD histogram and it gives a sell opportunity. Entry level can be below the low of the candle which breaks the uptrend line. Stop orders should be placed above 1.31500 level. Profit targets are 1.26000 and 1.24000 levels.
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