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USDCAD - First Lower High - Divergence @ Resistance

Singkat
Dolar A.S. / Dolar Kanada (FX:USDCAD)  
swissmoneymakers  
FX:USDCAD   Dolar A.S. / Dolar Kanada
Trend Analysis Chart Patterns Technical Indicators structure Divergence priceaction
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trendanalysis chartpattern indicator structure divergence priceaction
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 :-)!

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