USDCAD - First Lower High - Divergence @ Resistance

Hi Traders!

According to this idea, the market is going to break
the daily Trendline bearish towards the next daily Support.

Here are some indications which supports our view:

• First Lower High after a sequence of higher Highs
  
• Market at weekly Resistance - Break was rejected three times for now
  
• MACD shows decent Divergence
  
• Distance of higher Highs getting shorter
  
• Weekly Trend is downwards, this Up-Movement could be interpreted as a 38.2% Fib' Retracement
  

If you have any kind of question or a different point of view, feel free to comment!



Thanks and successful Trading :-)!