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
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
Nota
Opening up the chart we see the completion area would be a 618 swing area for the current larger patternNota
1HR crab + DIVOperación activa
Divergence is still in control, Oil droppingNota
Pattern looking to complete.Not going to rush this with a limit order
waiting for confirmation once we hit 1.311 -1.307
Operación activa
1/2 position open with 100 pip stop below 1.3other 1/2 on buy stop to catch a run
SL for 1/2 position = 1%
Nota
our SL is still well from being hit.second half bought 1.29 stop
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.