✅ Setup Summary:
Timeframe: 1 Hour
Signal: Bullish Divergence
Bias: Short-term bullish – Potential reversal or corrective bounce
🔍 Technical Breakdown:
Divergence Present:
Price made a lower low, while RSI/MACD made a higher low
→ Sign of bearish momentum weakening
Support Area:
Price reacting near a previous demand zone or horizontal support
Candlestick Clue:
Watch for bullish engulfing, hammer, or structure break
📈 Trade Plan – LONG
Entry:
On confirmation from bullish candle
Or break of minor 1H resistance or trendline
Stop-Loss:
Below the divergence swing low
Target:
TP1: Last 1H high
TP2: Fib 0.5 or 0.618 retracement of recent bearish move
R:R Ratio: Minimum 1:1.5
⚠️ Watch Out For:
GBP or CAD news (e.g. oil prices affecting CAD)
Break below divergence low = invalidates the setup
Best paired with a break of internal structure
Timeframe: 1 Hour
Signal: Bullish Divergence
Bias: Short-term bullish – Potential reversal or corrective bounce
🔍 Technical Breakdown:
Divergence Present:
Price made a lower low, while RSI/MACD made a higher low
→ Sign of bearish momentum weakening
Support Area:
Price reacting near a previous demand zone or horizontal support
Candlestick Clue:
Watch for bullish engulfing, hammer, or structure break
📈 Trade Plan – LONG
Entry:
On confirmation from bullish candle
Or break of minor 1H resistance or trendline
Stop-Loss:
Below the divergence swing low
Target:
TP1: Last 1H high
TP2: Fib 0.5 or 0.618 retracement of recent bearish move
R:R Ratio: Minimum 1:1.5
⚠️ Watch Out For:
GBP or CAD news (e.g. oil prices affecting CAD)
Break below divergence low = invalidates the setup
Best paired with a break of internal structure
Trade closed: target reached
TP hit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.