USD/CAD - sell on 4H - next big down movement incoming

Market is currently in up movement correction after last weeks analysed breakdown. I expect sellers entering the market at 1.3255 because there is 38.2 fibonacci retracement line and a long term trend line as well which is now resistance.

-RSI retraced from trend line support. Expect fast price down movement if RSI line breaks the up trend line
-100 day moving average near crossing of 200 day moving average on daily chart which is bearish indicator
-bearish volume peak on August 7th indicates trend reversal
-possible head and shoulder formation which is active after breakdown from neckline

עסקה פעילה

הערה:

partial take profit at current stage
take profit 2 at drawn area within next days

עסקה סגורה: היעד הושג:

trailing stop reached after up movement without sense. USD is weak but you still get more CAD for it. can somebody explain me the sense of it ?? There isn´t one....