OK, let's have a look at looney ,,macd & rsi wrote: Mon Jun 10, 2019 4:39 pm USDCAD :
WEEKLY T.F : an strong weekly trend line , which act very good ,, RSI under bollinger band ,, bbsqueeze does not show significant alarm ,, but lower high after lower high ,,, now price is under weekly ema 21 ,, ttm is red ,,
DAILY T.F : system shows sell signal ,, daily trend line has been broken ,, price is far from ema 21 daily ,, and a big bearish daily candle ,, usually big candle says
: wait , price comes and do a little retrace ,, may be price touches 1.3390 ,,
H4 T.F : somehow a divergence at H4 T.F ,,, 50% fibo retracement level ,,
I do not trade on USD/CAD now ,, just an analyses ... wait for a reliable alarm ,,
Price has reached the resistance area , 1.3360--1.34 ,, as I have shown on chart ,, price has two powerful resistance EMA ,, weekly and daily 21 ,,
trend is bearish ,, but not confirmed it .
IF price goes up above the 1.3460 , then another bullish trend will start ,, if price goes below 1.3290 , next target would be 1.3250 and stop @ 1.3360 .
It is so complicated , and not attract for analysing or trading !!!
