EURCAD short term/long term trade opportunity

Updated
For my previous post regarding EURCAD see below;

EURCAD perfect trade


I was looking for a move towards 1.48-1.49 but we didn't see that yet. I was looking for a third leg lower in the shape of a wave C. We saw the structure break last week after the comments about a possible OPEC production cut.
However I trade what I see and at the moment we see 'hidden bullish divergence' on the 1 hour time frame which is a warning. I like therefore to see what kind of consolidation will be next to determine whether this is corrective or indicate a bullish reversal.
Lower time frames might present a sell trade very soon but keep an eye on this hidden divergence scenario on the 1 hr time frame when managing this trade.
Trade closed: target reached
We hit 1.45 before we saw the Euro gain strength again. The latest update is under comments below. I'll update this pair for the bullish momentum.

Related publications

Disclaimer