vlad.adrian
Short

USD.CAD - Tripple Top

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
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out