27-06-2022 _ Short Term Bullish Idea _ USDCAD H4

27 Haz 2022

1- Daily in a rising channel.
2- Price action is bouncing after retesting Top of the Channel.
3- Potential Bearish Divergence.

4- H4 Bearish Divergence.
5- Price action has flipped by creating new LH and LL.
6- Bullish Divergence suggesting a move UP followed by further continuation to the down side.
So we are trying to trade a Pullback / Correction against the potential daily divergence.

As long as the support zone holds my short term view remains bullish.

Enter @ 1.290
Target @ 1.2965
Stoploss @ 1.283

5 Tem 2022

Not

Marginally hit Stoploss.
So Stoploss should have been worked out more maliciously.

Later it hit the target and now there is breakout of the Bullish Flag Pattern.
Target 1.306