USDCAD Spring with some divergence
USDCAD Daily for a long time was running inside a channel that broke up and made a 1 to 1 move where it faced overhead Resistance and returned to test the channel.
Now we have a second touch of a previous resistance level (look at the horizontal one although the trend line from the channel acts as a second confluence point) and a nice pin bar that
comes with some divergence.
Now we get a better entry price so we might enter for a good Risk-to-reward trade.
The possible target takes into account at least 3 long-term tops which keep the price in some wide range. If that level breaks we have some serious room to the upside.
If yo scale out you need a longer target than the one illustrated.
Now we have a second touch of a previous resistance level (look at the horizontal one although the trend line from the channel acts as a second confluence point) and a nice pin bar that
comes with some divergence.
Now we get a better entry price so we might enter for a good Risk-to-reward trade.
The possible target takes into account at least 3 long-term tops which keep the price in some wide range. If that level breaks we have some serious room to the upside.
If yo scale out you need a longer target than the one illustrated.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.