USDCAD looking good for a short here
At a bearish OB as well as that ~1.338 resistance
Solid volume throughout so would need to break & close above this 1.338 resistance to convince me it still has gas for another leg up
Also appears we have a bearish inverted hammer/ gravestone doji candlestick pattern on the 11/30 close
RSI very near oversold (~69) and STOCHRSI showing signs of a bearish flip.
Expecting downward movement here and would take some profit at ~1.298 (2.75%) and let the rest run to the bullish OB at ~1.285
At a bearish OB as well as that ~1.338 resistance
Solid volume throughout so would need to break & close above this 1.338 resistance to convince me it still has gas for another leg up
Also appears we have a bearish inverted hammer/ gravestone doji candlestick pattern on the 11/30 close
RSI very near oversold (~69) and STOCHRSI showing signs of a bearish flip.
Expecting downward movement here and would take some profit at ~1.298 (2.75%) and let the rest run to the bullish OB at ~1.285
Trade closed: stop reached
Stopped out :(Watching this close as stated above
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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.