rising wedge and structure on dollar canadian

hey traders,

dollar cad is approaching a significant level of resistance,
with rsi oversbought with divergence and weakening bullish momentum.

formation of a double top and rejection of 1.344 level is one more indication of upcoming bearish move.

now just wait and sell the breakout of the wedge with you targets based on structure.

good luck!

Comment:

Attempt to break

Trade active

Comment:

stop to entry

Trade closed: stop reached:

market hit the entry