Yesterdays trading day was a slow one for divergence traders. There wasnt much on the table for us but I managed to still find a spot for a small scalp.
I kept a close watch on USD/CAD yesterday pending oil news. After USD oil news was released this pair had some volume and created opportunity. As you can see around the 1.30000 area RSI printed divergence and price action created a long lower shadow or hammer (candlestick highlighted) whichever you want to call it. This is a bearish candlestick and with divergence printing and price being at a round number I jumped in with a sell. Fortunately price moved quick and came within 5 pips of my TP. I had to manually close the trade once I realized price was going to make quick turnaround. So I got out of this trade with a small profit.
At the end of the month I will post my results, stay positive my friends!