How confluence works together on the USDCAD

Penjualan

Dollar A.S. / Dollar Kanada (FX:USDCAD)

FX:USDCAD Dollar A.S. / Dollar Kanada

The current USD/CAD chart is a great example of how confluence works in trading.

The 2-wave uptrend has been slowing >> RSI divergence
Price made a triple top
Above current price we see a resistance level and the 138 Fib

We are missing:

Strong bearish momentum break
The break of the moving average to the downside

Don't short just yet, but keep an eye and wait for the confirmed break lower.

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