USDCAD - sell on 4H - 20 % ROI
market price is in up trend and near first stronger resistance at 1.33 area.
I expect many sellers entering the market at the drawn sell area.
Indicator Analyse
- Bollinger bands still in up movement which indicates further market price up movement
- RSI baseline near heavy overbought area - expect soon sellers coming into the market
- MACD baselines crossed bullish which indicates further up movement in short term
- entry at several trend line resistances
I expect many sellers entering the market at the drawn sell area.
Indicator Analyse
- Bollinger bands still in up movement which indicates further market price up movement
- RSI baseline near heavy overbought area - expect soon sellers coming into the market
- MACD baselines crossed bullish which indicates further up movement in short term
- entry at several trend line resistances
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
