USDCAD Divergence Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 6, 2015 9:08 PM

USDCAD is showing clear divergence with RSI. RSI has also dropped below 70. A close below 1.2618 will trigger my entry with a stop above 1.2363

Comments

GarryBartsch

⋅ Jul 7, 2015 1:30 AM

Nice chart. I am watching carefully. If USDCAD drops oil will rise. I suspect the oil sell-off is about done (tradingview.com/chart/CL1!/4JEsPxK2-CL1-Massive-Sell-off-Likely-Doesn-t-Have-Much-Further-to-Go/).