RBC stuck at the same range, not making a bull run in bull market - instead of adding more shorts to short CAD position (long on USDCAD + long on EURCAD for some time, see previous posts), found my gem short position. Odds in favour - Keep it REAL!
Update on RY.
Royal Bank still consolidating productively on the weekly 50EMA.
Also finding support from the 200 day EMA.
Bullish StochRSI divergence remains.
Scenario 1 calls for a breakout to the upside. Position small if anticipating the breakout.
Scenario 2 calls for a break out support and a test of the 90 area.
Possibly interesting area here.
Monthly charts still showing an intact uptrend.
RY consolidating near the 50 ema on the weekly.
StochasticsRSI showing a bullish divergence.
The ideal scenario to watch for is a further pullback to the 50ema, Heiken Ashi turns from red to green, then a breakthrough of the descending the trend line.