Tempo_Trades

NZD/CAD - Bullish divergence characteristic!

Long
Tempo_Trades Mis à jour   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Overview
NZDCAD was in a bearish trend, however, bullish divergence was formed on RSI and price has since formed a higher high signalling a bullish trend!

Analysis & Plan
Price has formed the first higher high after experiencing a downtrend. Last two times when bullish divergence was formed on price, it lead to a bullish trend as marked on chart with the yellow lines! Price has already created a higher high and I am expecting this characteristic to repeat again! All bullish and bearish factors considered for this trade are displayed on the 4 hour chart!
Commentaire:
TP hit! Bullish Divergence characteristic played out!
Clause de non-responsabilité

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