USD/CAD - sell on 4H - up to 20 % ROI

2019-11-20 17:07:06

market price reached strong resistance trend line which is entry for many sellers. We wait for clear selling signal as drawn in the chart.

Indicator analysis
-regular RSI line is near heavy overbought area which is bearish indicator
-stochastic RSI is in heavy overbought area and the baselines crossed bearish which brings sellers into the market
-Bollinger bands going in both directions which indicates incoming bigger market movement