USDCAD - Monthly support + AB=CD with DIV - 4HR - POT long

USDCAD - Monthly support + AB=CD with DIV - 4HR

We are just entering Monthly support and AB=CD complete at same price level.
A little further down is Butterfly completion point.
RSI Divergence is showing us we may not reach the pattern completion levels, and the AB=CD may take effect to react first.
Waiting on candle close and reaction here on the 4HR
DIV is notable from Oversold into normal RSI zone on all time frames at current price level and retesting the 30

Komentar:

Opening up the chart we see the completion area would be a 618 swing area for the current larger pattern

Komentar:

1HR crab + DIV

Trade aktif:

Divergence is still in control, Oil dropping

Komentar:

Pattern looking to complete.
Not going to rush this with a limit order
waiting for confirmation once we hit 1.311 -1.307

Trade aktif:

1/2 position open with 100 pip stop below 1.3
other 1/2 on buy stop to catch a run
SL for 1/2 position = 1%

Komentar:

our SL is still well from being hit.
second half bought 1.29 stop