CADCHF HIDDEN BULLISH DIVERGENCE
CADCHF is putting in higher highs and higher lows on the 4 hourly chart. MACD is creating new lows while price is currently at a higher low giving us the divergence. using this we can look for bullish entries using your preferred method of entry with a stoploss under the previous price / divergence low.
Take profit can be set to a gap close or the recent range high.
risk for all trades is 2.00% maximum
this particular trade yields a 1:5 risk reward
Take profit can be set to a gap close or the recent range high.
risk for all trades is 2.00% maximum
this particular trade yields a 1:5 risk reward
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