EURCAD divergence in the 4H and 1H.
black line is daily trend line and dark grey line is an hourly trendline.
Price has rejected where these intersect eachother, we also have divergence at this level. Price has already started to reverse down but it has also closed below the previous high indicted by the dotted line. There is a good chance we will see this continue down to 1.52 for a another possible reversal or break lower to 1.51
black line is daily trend line and dark grey line is an hourly trendline.
Price has rejected where these intersect eachother, we also have divergence at this level. Price has already started to reverse down but it has also closed below the previous high indicted by the dotted line. There is a good chance we will see this continue down to 1.52 for a another possible reversal or break lower to 1.51