LorenzoDecaria
Long

Hidden divergence on daily chart

FX:USDCAD   U.S. Dollar / Canadian Dollar
Today sellers failed to breach 1.2200 level (former support) and the daily price action produced a neat bullish pin bar . As you can see, that area represent some sort of "reaction level" for prices, who respected that price in different situations. Today's pin bar and a hidden divergence on Stochastic oscillator may be warning on an upcoming trend resume toward former highs.
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