NZD/CAD - Bullish divergence characteristic!
Overview
NZDCAD was in a bearish trend, however, bullish divergence was formed on RSI and price has since formed a higher high signalling a bullish trend!
Analysis & Plan
Price has formed the first higher high after experiencing a downtrend. Last two times when bullish divergence was formed on price, it lead to a bullish trend as marked on chart with the yellow lines! Price has already created a higher high and I am expecting this characteristic to repeat again! All bullish and bearish factors considered for this trade are displayed on the 4 hour chart!
NZDCAD was in a bearish trend, however, bullish divergence was formed on RSI and price has since formed a higher high signalling a bullish trend!Analysis & Plan
Price has formed the first higher high after experiencing a downtrend. Last two times when bullish divergence was formed on price, it lead to a bullish trend as marked on chart with the yellow lines! Price has already created a higher high and I am expecting this characteristic to repeat again! All bullish and bearish factors considered for this trade are displayed on the 4 hour chart!
הערה
TP hit! Bullish Divergence characteristic played out!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.