BULLISH SHARK PATTERN ON USDCAD ON DAILY FRAME!
Hello traders,as we can see we have a nice oppurtinity to involve on a long trade on USDCAD on daily frame.
TECHNICAL POINTS
1.As we can see we have a bullish Shark pattern completion soon.
2.We have bullish RSI divergence as price makes lower lows but RSI not.
3.Stochastics are in oversold levels.
4.200EMA has a slightly positive slope which is favoring long trades.
5.We are entering a previous support/resistance area.
POSSIBLE LONG TRADE
STOP LOSS AT 1.30500
ENTRY PRICE WITH PENDING ORDER 1.31370
FIRST TARGET T1 AT 1.33830
SECOND TARGET T2 AT 1.35470
THANKS FOR SUPPORT!
HAPPY TRADING AND HAPPY PROFITS GUYS!
TECHNICAL POINTS
1.As we can see we have a bullish Shark pattern completion soon.
2.We have bullish RSI divergence as price makes lower lows but RSI not.
3.Stochastics are in oversold levels.
4.200EMA has a slightly positive slope which is favoring long trades.
5.We are entering a previous support/resistance area.
POSSIBLE LONG TRADE
STOP LOSS AT 1.30500
ENTRY PRICE WITH PENDING ORDER 1.31370
FIRST TARGET T1 AT 1.33830
SECOND TARGET T2 AT 1.35470
THANKS FOR SUPPORT!
HAPPY TRADING AND HAPPY PROFITS GUYS!
Trade active
Trade closed: stop reached