USD / CAD: 4H chart - break of the diagonal support
Price below the diagonal resistance
Indicators:
50/200 MA: 50 above 200, price below 200 - a negative signal
DeM is rotating in overbought zone, we might see a correction to the level of resistance
CCI (50) will give a signal for short position if it goes under-100
SL: 1.33650
Sentiment: Increasing price of oil past the tension in Syria have good effect on the canadian
Alternative scenario: if the price goes back above the resistance we might see a false breakout and a new rise in the price of the dollar.
Trader_I_Ivanov
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