USDCAD Long setup formingHigher volume is unable to make bigger candles on USDCAD. We can expect that from blue zone, the price would bounce back. Take long after watching price action in the zone.
Divergencex
$FB - The thumbs are pointing downwardThe FB daily shows a coil around the point of control in the 114s. A break north of the coil on weak volume, paired w/ a flat RSI, and MACD negative divergence indicate a potential reversal back into the coil. If the support in the 113s holds, the coil should then break north again. If it fails, it could result in a possible bow draw reversal of the coil, at which the next level of notable support is A move to that degree could result in a possible draw reversal to the lower support in the mid 109s.
Target area highlighted in yellow, which is also the .5 - .618 fibonacci levels.
