- Negative Divergence RSI (Blue line) created a bullish reaction of USDCAD (H4) last weekend.
- RSI trendline has formed, however the resistance of 60 is still be there.
- The downtrend is dominant, the uptrend has not really formed.
- An uptrend will form if the rate approaches the 1.24724-1.24982 resistance level (Fibonacci Extensions [1.618]).
*Therefore, we wait for an uptrend and then find a key point to buy.
註釋
USDCAD fell to an unusual break. Cancel the trading plan!
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