UsmanFarouk

USDCAD is likely for a bearish reversal on 1H timeframe

Short
FX:USDCAD   Dollar Américain / Dollar Canadien
USDCAD was in upward trend printing HHs and HLs on 1H timeframe. However, RSI indicates a bearish divergence on the same timeframe. Accordingly, a short entry has been planned on break of previous HL. SL and TPs have been marked on chart accordingly. Support Zones are also marked for maintaining a cautious watch when price is moving near these levels for possible bullish reversal and booking profits then and there.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.