GBPCAD 4h Long ... there's something goin on
Updated
While we're in a downtrend, there are bullish signals from divergences from a higher timeframe - so maybe there will be a reversal soon.
The MACD crossed the signal line - this could also indicate an upcoming trend reversal.
I opened a small long position with TP at the weekly pivot.
If we'll see additional signals that support my theory of a trend reversal - I'll add to this trade
The MACD crossed the signal line - this could also indicate an upcoming trend reversal.
I opened a small long position with TP at the weekly pivot.
If we'll see additional signals that support my theory of a trend reversal - I'll add to this trade
Trade closed: target reached
Target reached (weekly pivot point) - but no additional signal was encountered, so I closed the position with a nice gain.Will keep watching this setup and maybe re-enter later ...
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