USDCAD short divergence set up

6 May 2020

there is a bearish divergence on the 1hour chart and a double top was also formed, price went back retested and rejected the rectangle which is a strong resistance zone making there three conformations. there is a resistance around 1.41227 where price is currently failing to break through so be careful.

6 May 2020

Not

on the one hour chart the second rejection of the rectangle i can maybe see tweezer tops which is also another bearish confirmation but depend on if you see tham as tweezer tops