Morning traders
New week and we are looking at a new bearish divergence setup showing up on US dollar versus Canadian dollar on the 4 hourly charts with new highs on prices being met with a combination of lower highs on both RSI and stochastics pointing to a bearish divergence and a likely fall in prices over the coming trading session.
Looking to trade this setup with a tight stop loss above just above the last high should this be a false divergence signal.
Short and simple
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
If you want a free 30 day trial of our signals please get in touch.
Good luck trading
from the Team at forexTrdr
New week and we are looking at a new bearish divergence setup showing up on US dollar versus Canadian dollar on the 4 hourly charts with new highs on prices being met with a combination of lower highs on both RSI and stochastics pointing to a bearish divergence and a likely fall in prices over the coming trading session.
Looking to trade this setup with a tight stop loss above just above the last high should this be a false divergence signal.
Short and simple
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Meta trader and most broker platforms.
If you want a free 30 day trial of our signals please get in touch.
Good luck trading
from the Team at forexTrdr
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