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VasilyTrader
Oct 16, 2018 7:11 AM

selling sentiment on dollar canada Short

U.S. Dollar/Canadian DollarFXCM

Description



good morning to everyone,

on usdcad pair we see that the market almost hit the previous structure high around 1.308 and bounced down
following a strong bearish pressure and weakening rsi, showing clear bearish divergence.

now, as the market violated 1.3 support zone and ascending trendline, it is a great chance for us to sell the retest of it.
I strongly recommend setting your stop above 1.308.

targets are based on structure.

good luck!

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t1 reached
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