OANDA:USDCAD SELL FROM 1.40000 SL-1.40520 TP1-1.39000 TP2-1.38050
buy 1.2589 target 1 1.300 target 2 1.330 stop 1.2500
Hey guys, this chart is the hourly chart on USDCAD but my analysis starts as usual on the daily tf where we had a nice engulfing candle at previous resistance with RSI overbought condition. This give me a nice background to look for selling signals. As we go down on lower timeframes you can see the engulfing candle represents a sharp impulse to the downside that...