usdcad getting ready for drop

FX:USDCAD   U.S. Dollar / Canadian Dollar
245 6 11
usdcad             should be getting beg sellers momentum anytime soon! its already showing resistance on the 1hr and most time frames are showing divergence! trade with a plan!
Comment: structure is changing on the 4hr. no shorts for now. look for upside
sorry bout that. trade setup is still valid. hadnt checked charts correctly.
this is 1hr structure
Comment: do not take my entry or sl as your own trade. i have my rules and may modify entry or sl at any gven time.
Comment: price double topped.
developing well. could be correction wave as well but if the double top holds it may impulse price
150 pips
No way.
DAVID_GIRALDO EcknerBarcelos
@EcknerBarcelos, not anymore
I placed a short yesterday and hesitating on close. You think you short idea still holding ?
+1 Reply
DAVID_GIRALDO purpurato59
@purpurato59, no. i do not believe the idea is still holding anymore but it will be very soon. RSi is starting to change from bullish to neutral(loss of momentum)...after it should go back to bearish and thats when the full trend changes. always trade with a plan.
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