rising wedge and structure on dollar canadian

Mar 25, 2019

hey traders,

dollar cad is approaching a significant level of resistance,
with rsi oversbought with divergence and weakening bullish momentum.

formation of a double top and rejection of 1.344 level is one more indication of upcoming bearish move.

now just wait and sell the breakout of the wedge with you targets based on structure.

good luck!

Mar 25, 2019

Note

Attempt to break

Mar 25, 2019

Trade active

Mar 26, 2019

Note

stop to entry

Mar 27, 2019

Trade closed: stop reached

market hit the entry