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.
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