USDCAD - possible long setup.
USDCAD gave us a cypher pattern.
Oversold on RSI
Divergence on smaller time frames for the up side
Forming hammer on daily trendline.
Stop loss should be under the X wawe.
Target 1 - 1.33050
Target 2 - 1.34102
Oversold on RSI
Divergence on smaller time frames for the up side
Forming hammer on daily trendline.
Stop loss should be under the X wawe.
Target 1 - 1.33050
Target 2 - 1.34102
Note
Move your stop losses to break even.Note
I'm taking partial profit from this one, you guys should do that too ;) happy for those who followed.Note
Target 1 reachedTarget 2 reached
That was pretty quick :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.