USD/CAD H4 | Potential RSI bearish divergenceUSD/CAD is trading close to an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3796 which is an overlap resistance (a potential RSI bearish divergence has been identified).
Stop loss is at 1.3866 which is a level that sits above an overlap resistance.
Take profit is at 1.3701 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
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Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
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