The 5%ers' Blog

CCI Divergence 4H Chart On USDCAD 24/12/2018

December 24, 2018 | 1:49 pm | The 5%ers' Blog
December 24, 2018 | 1:49 pm
The 5%ers' Blog

USDCAD is a nice and long bullish momentum at the long term, for now, the CCI indicator is showing divergence on 4H chart, while the price creating higher high, the CCI creates a lower high which indicates that the bullish momentum is losing power, furthermore, the price is about to reach a supply level at 1.3620, the combination of CCI divergence and the supply level Is a great one, I’ll open sell position when the price touch 1.3620.

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