AlexPalmaFXTrader

Trade Set up USD/CAD Short 1 hour chart

Short
AlexPalmaFXTrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD price is on a triangle pattern right now on a daily chart. however on a 1 hour chart we can see diagonal pattern (either leading or ending) getting close to the triangle top resistance level. RSI and Stochastic are showing an strong divergence indicating a possible trend reversal. I have a pending sell order right now with stop loss and take profits as shown on chart.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.