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How confluence works together on the USDCAD

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Tradeciety  
FX:USDCAD   U.S. Dollar / Canadian Dollar
6
1
The current USD/CAD chart is a great example of how confluence works in trading.

  • The 2-wave uptrend has been slowing >> RSI divergence

  • Price made a triple top

  • Above current price we see a resistance level and the 138 Fib

We are missing:
  • Strong bearish momentum break

  • The break of the moving average to the downside

Don't short just yet, but keep an eye and wait for the confirmed break lower.
I have been trading for 15 years!

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