"USDCAD: two possible paths" by ThinkingAntsOk
4H Chart Explanation:
- Price broke the Daily Ascending Trendline.
- Price is, currently, against the Support Zone.
- Bullish Divergence on MACD.
- Two possible ways now:
a) go up to retest the Resistance Level (Bullish Divergence on MACD supports this idea).
b) continue the trend after breaking the Daily Ascending Trendline and go down towards the next Support Zone after breaking an ABC corrective structure.
Check out our Top and Bottom Analysis on the Related Ideas.
Updates coming soon!
- Price broke the Daily Ascending Trendline.
- Price is, currently, against the Support Zone.
- Bullish Divergence on MACD.
- Two possible ways now:
a) go up to retest the Resistance Level (Bullish Divergence on MACD supports this idea).
b) continue the trend after breaking the Daily Ascending Trendline and go down towards the next Support Zone after breaking an ABC corrective structure.
Check out our Top and Bottom Analysis on the Related Ideas.
Updates coming soon!
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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.
Related publications
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.