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USDCAD Long structure with a divergence!

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
On the USDCAD, we observe a bullish structure characterized by two trendlines: a longer one originating on 07/07 and a slightly smaller, higher one that began on 11/08. The gap between these two trendlines presents a divergence, indicating a space that the market could potentially fill. Additionally, the price is nearing what could be the third touchpoint of the larger trendline, coinciding with a retracement on an H1 timeframe Fibonacci level. This scenario could create an excellent setup for a long trade. However, only time will reveal the outcome, and I will only enter the market if I receive a dual confirmation before entry on the M15 timeframe. Wishing everyone successful trading.

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