USDCAD..Strong uptrend but shorts need to watch it for now....
Monthly: Strong uptrend. Ha delta showing some divergence but still above 0. Rsi above 70 for a while now. Stoch overbought. Thats what you see in strong uptrend. It however is at some resistance level if you zoom out charts and also psychological number 1.4000
Weekly:Again strong uptrend. Ha delta bullish with hook above 0. Stoch showing some divergence. But no reversal sign here
Daily:Bullish.Rsi in overbought territory just like stoch. Two things are possible here- pullback or consdolidation. You need to be careful before you short it. I will be zooming in on lower TF after we get reversal on daily. But untill then, watch the price action. Even if you short it , it is counter trend short. No point over leveraging it.
Weekly:Again strong uptrend. Ha delta bullish with hook above 0. Stoch showing some divergence. But no reversal sign here
Daily:Bullish.Rsi in overbought territory just like stoch. Two things are possible here- pullback or consdolidation. You need to be careful before you short it. I will be zooming in on lower TF after we get reversal on daily. But untill then, watch the price action. Even if you short it , it is counter trend short. No point over leveraging it.