U.S. Dollar / Canadian Dollar

Short

rising wedge and structure on dollar canadian

By VasilyTrader

Updated

snapshot

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

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