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DLavrov
Mar 21, 2018 8:03 PM

USDCAD Bearish Divergence Short

U.S. Dollar/Canadian DollarFXCM

Description

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.
Comments
Joey3310
You really think a big drop until 1.26 -1.24?
DLavrov
@Joey3310, it's not a drop in 1-2 candles. It's a downward movement.
Joey3310
@DLavrov, thank you , i understand
Joey3310
@DLavrov, is it a good idea to sell now ?
chinchinmayua1
@Joey3310, seems to be ABC correction
TheLurkingVariable
This one looks like a great long now @ 1.2921
Eylok
I don't like that today seems to go back up.
taksistalo
Same here, thinking it will go down now to complete the pattern



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