USDCAD Long - 20/1/2021
Hello,
when you look at chart you can see that price was falling last days. With a price action made on lower timeframe,good USD news and trendline rejection I expect price to push upside. We can also see some type of divergence on RSI (not in the chart,sorry). So I am waiting for price to come back to the downside to really confirm its rejection and then I would look for bullish pressure and buy opportunities on lower timeframes.
Thnak you for reading !
when you look at chart you can see that price was falling last days. With a price action made on lower timeframe,good USD news and trendline rejection I expect price to push upside. We can also see some type of divergence on RSI (not in the chart,sorry). So I am waiting for price to come back to the downside to really confirm its rejection and then I would look for bullish pressure and buy opportunities on lower timeframes.
Thnak you for reading !
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