USDCAD 4H RSI & MACD Bullish Divergences Buy Limit Order
USDCADWe have multiple bullish divergences here indicating further movement up after a short retracement down finishes. The order is put near the weekly 50% fibonacci level and take profit is aimed at a resistance level that has been strictly respected in the past. Although I will be monitoring price action in case the retracement isn't that deep and the position can be opened earlier.
Catatan
If there is no deep and it simply continue the movement up right now, I will open the trade manually.Catatan
Looks like we had a fall down to the projected area due to economic news release. However the price stopped falling at a weekly 61.8% level instead of initially mentioned 50%, forming an inverted hammer on the hourly chart. The price might consolidate at this level for a while but if it starts making bullish moves, I will activate the trade from there.
Trade aktif
The planned levels reached, the trade has been activated.Trading ditutup: stop tercapai
The economic news impelled the price downwards. Stop loss reached.
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