USDCAD - SHORT - DOUBLE TOP + TREND LINE + DIVERGENCE

Short

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

OANDA:USDCAD U.S. Dollar / Canadian Dollar

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supportandresistance doubletoporbottom elliottwaves usdcad divergence relativestrengthindex usoil

Bias: Short

This is all subject to breaking and closing below trend line .

Order cancelled: I am no longer going to short this trade.

Comments

Agree

I agree, but we should also be mindful of the longer term weekly uptrend that was broken a while back. The intratrends are weaker and expect the prevailing trend to break through with ease. Cheers and happy pippin

theyfollowme

@theyfollowme, I agree, should the trendline break. i am expecting the price to drop to this support area - but I am quite sceptical due to potential expectations of oil weakness.