TradingView
DK_Investment
Nov 20, 2019 10:07 AM

USD/CAD - sell on 4H - up to 20 % ROI Short

U.S. Dollar/Canadian DollarFXCM

Description

market price reached strong resistance trend line which is entry for many sellers. We wait for clear selling signal as drawn in the chart.

Indicator analysis
-regular RSI line is near heavy overbought area which is bearish indicator
-stochastic RSI is in heavy overbought area and the baselines crossed bearish which brings sellers into the market
-Bollinger bands going in both directions which indicates incoming bigger market movement

Order cancelled

Comments
GtaRoger
I was kinda thinking the same thing. Short after double top
More