Get started
TeamRehgal

Loonie Analysis/Opportunities Short to Long

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TeamRehgal  
FX:USDCAD   U.S. Dollar / Canadian Dollar
1
0
Double top formed and the pair retreated.
Bearish Divergence on RSI (further to fall possible)
1H chart currently showing confluence with 20ema

Sell entry 1 = 1.0860/70 strength
Sell entry 2 = Break of low 1.0826

Target 1 = 1.080
Target 2 = 1.0763

Looking to buy around same area for move back up to 1.10786
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.