talalzebian

Bearish Opportunity of USDCAD (1Hr)

Short
talalzebian Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Bearish Opportunity on the Loonie with a potential Double top and a decent Risk to Reward ratio of around 1.5
We also have RSI being overbought as well as RSI divergence.
Targets based on previous structure looking left.

Let me know your thoughts :)
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.