27-06-2022 _ Short Term Bullish Idea _ USDCAD H4
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
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
Nota
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
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.