FX:USDCAD   U.S. Dollar/Canadian Dollar
198 1 2
After the news came on soft Canadian inflation, o shooting star formed at a strong resistance zone, touching a trendline, forming a tripple top. Tripple bearish divergence on the MACD , so we are probably due to another correction, perhaps to the main trendline, or even a false breakout under it to the strong support at 1.02700. Today at the time i post this chart i see a spinning top, another bearish signal. A move over the strong resitance zone would close this trade.
this trade was a bad one for two reasons :
1 obviously in didnt work so that is the most important :))
2 when i posted it i didnt consider that the histogram was still rising so there was no divergence in play at that time, the MACD lines going much higher.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out