USDCAD Shorting opportunity Cypher Pattern 4hr
Hello Traders
We have a completed Cypher pattern.
USDCAD had been in a downtrend, which is evident looking at the daily timeframe.
We have Come into an area of major and minor structure.
We have potential trend line resistance
RSI shows signs of overbought conditions
RSI also shows hidden divergence
Altogether this presents us with a high probability trade.
Follow us for more at KashMarkets on Trading view and Instagram.
We have a completed Cypher pattern.
USDCAD had been in a downtrend, which is evident looking at the daily timeframe.
We have Come into an area of major and minor structure.
We have potential trend line resistance
RSI shows signs of overbought conditions
RSI also shows hidden divergence
Altogether this presents us with a high probability trade.
Follow us for more at KashMarkets on Trading view and Instagram.
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.
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.