DLavrov
Short

USDCAD Bearish Divergence

FX:USDCAD   U.S. Dollar / Canadian Dollar
The trading idea is based on a trend reversal signal. The price diverges with RSI and MACD histogram and it gives a sell opportunity. Entry level can be below the low of the candle which breaks the uptrend line. Stop orders should be placed above 1.31500 level. Profit targets are 1.26000 and 1.24000 levels.
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This one looks like a great long now @ 1.2921
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I don't like that today seems to go back up.
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Same here, thinking it will go down now to complete the pattern



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You really think a big drop until 1.26 -1.24?
+1 Reply
DLavrov Joey3310
@Joey3310, it's not a drop in 1-2 candles. It's a downward movement.
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Joey3310 DLavrov
@DLavrov, thank you , i understand
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Joey3310 DLavrov
@DLavrov, is it a good idea to sell now ?
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@Joey3310, seems to be ABC correction
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