so on this weekly pair we see a strong rejection of higher prices on the rsi n chart so we have to b bearish on the overall direction
Yet we see a correction at the low
Which is testing the necktie here, and the weekly mvwap which we can see on the rsi it gave us a nice rejection. Thus the highest probability here is to short the pair down to the correction
So seeing this as usdcad also move similarly it’s hard to b bullish right on on them until a positive retest of the correction.
Yet we see a correction at the low
Which is testing the necktie here, and the weekly mvwap which we can see on the rsi it gave us a nice rejection. Thus the highest probability here is to short the pair down to the correction
So seeing this as usdcad also move similarly it’s hard to b bullish right on on them until a positive retest of the correction.
