matt_forex
Short

Hourly Divergence (short)

FX:USDCAD   U.S. Dollar/Canadian Dollar
The divergence is indicating a move lower. Price action is having trouble making new highs.

Having a look at the WTI futures chart also reveals that oil             looks to be bouncing. USDCAD             tends to have a negative correlation with oil             .

Stop is placed at 1.12640
That is called a hidden divergence, not a divergence :)
+1 Reply
matt_forex vlad.adrian
2 years ago
Sorry, I made that mistake, I usually get the two mixed up. After your comment I went back to review the difference. Thank you for your comment, this is one of the reasons why tradingview is my favorite site to visit. All the comments from people are constructive, informative, and positive in nature. Thanks again!
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