{"id":12978,"date":"2022-12-16T08:36:55","date_gmt":"2022-12-16T08:36:55","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12978"},"modified":"2023-05-17T08:40:50","modified_gmt":"2023-05-17T08:40:50","slug":"usdcad-resistance-test-and-then-sell","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/16\/usdcad-resistance-test-and-then-sell\/","title":{"rendered":"USDCAD Resistance test and then Sell."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The USDCAD couldn&#8217;t have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price&#8217;s Higher Highs):<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"USDCAD Sell signal to the end of the year\" href=\"https:\/\/www.tradingview.com\/chart\/USDCAD\/S2zhoR35-USDCAD-Sell-signal-to-the-end-of-the-year\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/s\/S2zhoR35_big.png\" alt=\"USDCAD Sell signal to the end of the year\" \/><\/a><\/div>\n<p>As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a great way to spot this. Right now the price again above its 1D MA50 (blue trend-line) and based on the fractal, as long as it stays above the 1D MA50, it will approach the 1.39860 High. A Double Top there, will confirm all previous three sequences which got rejected on their previous High and hit at least the 1D MA200 (orange trend-line). The max extension on that pull-back is the 0.786 Fibonacci retracement level.<\/p>\n<p>Notice how the RSI Higher Lows trend-line offers Support and the best buy entry in the past 12 months.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USDCAD\/a7yokTKC-USDCAD-Resistance-test-and-then-Sell\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USDCAD\/a7yokTKC-USDCAD-Resistance-test-and-then-Sell<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The USDCAD couldn&#8217;t have confirmed our bearish view two months ago, when we called for a sell opportunity based on the RSI Bearish Divergence (Lower Highs against the price&#8217;s Higher Highs): As you see the divergence sell signal was spot on and the previous two times that this was spotted, helped us in a<\/p>\n","protected":false},"author":611,"featured_media":12979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12978"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12978\/revisions"}],"predecessor-version":[{"id":12981,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12978\/revisions\/12981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12979"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}