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D_hack123
May 6, 2020 7:20 PM

USDCAD short divergence set up Short

U.S. Dollar/Canadian DollarFXCM

Description

there is a bearish divergence on the 1hour chart and a double top was also formed, price went back retested and rejected the rectangle which is a strong resistance zone making there three conformations. there is a resistance around 1.41227 where price is currently failing to break through so be careful.

Comment

on the one hour chart the second rejection of the rectangle i can maybe see tweezer tops which is also another bearish confirmation but depend on if you see tham as tweezer tops
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