Get started
someone514

USDCAD - Short on channel resistance

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
someone514  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis USDCAD usdcadshort
1
0
trendanalysis usdcad usdcadshort
- Entry: RSI in overbought condition with histogram downticking.
Price level is approaching channel resistance with a tombstone dogi forming as I am writing this.

- Exit is channel support. Should the price break the support levels we can re-visit the trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.