TradingView
tommyjones91
Apr 13, 2015 7:12 PM

GBPCAD AT CONVERGING TREND LINE RESISTANCE 

British Pound/Canadian DollarFXCM

Description

PRICE ACTION HAS REACHED THE CONVERGENCE POINT OF AN ASCENDING AND DESCENDING TRENDLINE RESISTANCE AROUND 1.8377, LOOKING FOR EITHER A DECISIVE DAILY CLOSE BELOW AND RESUMPTION OF THE DOWN TREND, OR A STRONG REVERSAL SIGNAL FOR A POSSIBLE LONG.
NOTE: SLIGHT DIVERGENCE ON THE DAILY RSI.
More