EURCAD short term/long term trade opportunity

FX:EURCAD   Euro / Canadian Dollar
158 1 8
For my previous post regarding EURCAD             see below;

I was looking for a move towards 1.48-1.49 but we didn't see that yet. I was looking for a third leg lower in the shape of a wave C. We saw the structure break last week after the comments about a possible OPEC production cut.
However I trade what I see and at the moment we see 'hidden bullish divergence' on the 1 hour time frame which is a warning. I like therefore to see what kind of consolidation will be next to determine whether this is corrective or indicate a bullish reversal.
Lower time frames might present a sell trade very soon but keep an eye on this hidden divergence scenario on the 1 hr             time frame when managing this trade.
Trade closed: target reached: We hit 1.45 before we saw the Euro gain strength again. The latest update is under comments below. I'll update this pair for the bullish momentum.

The short of the beginning of the week is working out well and that hidden divergence was invalidated once price took out previous low. Added another short with stops at Break-even. Looking for 2 targets as shown by means of the arrows.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out