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pofseur
Jun 4, 2020 3:42 PM

CADCHF drawing back to resume Rise?? Long

Canadian Dollar/Swiss FrancFXCM

Description

Hello Traders,

The CADCHF may be setting up for a decent long-entry position. On the 4H, price has started to diverge (bearish) from the MACD signaling the current pull-back. I will be looking for Hidden Bullish Divergence to form on the 8H MACD/Price Chart to signal the continuation of the upward trend. If the price pulls back to recent support/50-EMA on the 8H, the Hidden Bullish Divergence should form. Entry consideration would be made at this point.


Thanks for reading. If you liked my analysis, please give me a follow.

*The above is not investment advice but simply my analysis of the current market conditions*



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