xavier_56

NZD/CAD internal divergence on the 4-hour chart

Long
OANDA:NZDCAD   NZD/CAD
This kind of divergence is rarely seen on charts buh when they occur. it means a continuation of the prevailing trend. in this case , we are in a corrective uptrend and as you can see the price action is making higher lows , while the MAC D is making lower lows. we have a 4hr buy setup in play. i would wait for a break and a flag to enter the trade, my target is the top of that arrow.
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