USDCAD Low Risk Short
Updated
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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