USDCAD bearish divergence? My idea for next few trading days
Daily RSI is overbought, market has been rallying for about a month. On 4h chart possible bearish divergence. Normally I would be waiting for a pull back to 200EMA (around 1.2650-1.2450) and we have very strong resistance at 1.285, rejected few times but today is NFP day and I expect very positive date. I’m bearish at this point.
I’m not a professional adviser
I’m not a professional adviser
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.