USDCAD Is it time to SELL when there is an upcoming divergence?
Hello everybody. (18:36 UTC +7)
Let have a quick look at chart. As I have pointed out in the Day Chart, we could easily notice that there will be a divergence when an increasing price in contradiction with a respective peak-falling in RSI indicator. Plus, there are some candle sticks were coming out the Bollinger Band, which notify that a downtrend is about to happen.
Recommendation for USDCAD long-term trading:
Sell zone: 1.33829
Buy zone: 1.30415 or 1.31781
Goodluck, everyone!!! Peace out!!
Let have a quick look at chart. As I have pointed out in the Day Chart, we could easily notice that there will be a divergence when an increasing price in contradiction with a respective peak-falling in RSI indicator. Plus, there are some candle sticks were coming out the Bollinger Band, which notify that a downtrend is about to happen.
Recommendation for USDCAD long-term trading:
Sell zone: 1.33829
Buy zone: 1.30415 or 1.31781
Goodluck, everyone!!! Peace out!!