nicker
Education

USDCAD 240 min Short. CCI lessons on end of continuation

FX:USDCAD   U.S. Dollar / Canadian Dollar
The apex of triangle on CCI is below zero, favoring down. The move continues down from the previous CCI short signals. Because there is now a CCI divergence, two new things may be on the horizon.
1) at some time, the price is likely to be revisited where it was when the CCI low prior to the divergence occurred.
2) normally a CCI divergence occurs before trend can change direction. CCI now has a diver, but before the price turns up, usually price needs to retest the low or drop lower. The only exception to this is if CCI spurts north so fast that it crosses up thru the zeroline before pulling down a bit

Direction change to Long requires what is described in 2) above, and requires a CCI crossing up thru a down-trendline and moving above -100.
Comment: Perfect demo evolved as described, dropping 250pips more before price could move up
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out