USD/CAD Swing Trade (Short)

2020-02-10 01:12:45

USD/CAD has recently reached an area of overhead resistance where we have previously seen price turn.

We can also see that there is hidden bearish divergence forming on the MACD which I am using as the basis for taking this trade as it tells me that the market is losing momentum - once the MACD crossover occurs I will entering the trade.