USD/CAD possible reversal signals?
First, I'm new to trading so be constructive, please. I have done my research, tutorials, video walkthroughs and market analysis; so I have a good understanding but am always looking to improve! So lets dive in....
I was analyzing the USDCAD pair and came across, what I interpret, as a reversal signal. There is the formation of the head and shoulders, paired with a wide divergence (RSI). I am not only taking these in to consideration, but I feel like these are strong indicators of future market movement. Thoughts, criticism, advice? TIA!
I was analyzing the USDCAD pair and came across, what I interpret, as a reversal signal. There is the formation of the head and shoulders, paired with a wide divergence (RSI). I am not only taking these in to consideration, but I feel like these are strong indicators of future market movement. Thoughts, criticism, advice? TIA!
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