USDCAD / 1D / bullish / morning star + divergence
* Morning Doji Star has appeared on the lowest price level since April 2018,
* Divergence with MACD,
* Last candle very powerful with small wick/top shadow what suggest bear weakness.
* During forthcoming week I'm expecting at least powerful correction or/and commence of reversal downward trend.
* First resistance = 1,3000
* Second resistance = 1,3350 (incl. FIBO 38,2)
Positive Scenario: Monday day candle close above upper channel line/border, close to 1,2800
Negative Scenario: Monday candle close below 1,2670 (50% of Friday) then morning star will be rejected.
Have a fruitful forthcoming week!
Capt. Kamil
* Divergence with MACD,
* Last candle very powerful with small wick/top shadow what suggest bear weakness.
* During forthcoming week I'm expecting at least powerful correction or/and commence of reversal downward trend.
* First resistance = 1,3000
* Second resistance = 1,3350 (incl. FIBO 38,2)
Positive Scenario: Monday day candle close above upper channel line/border, close to 1,2800
Negative Scenario: Monday candle close below 1,2670 (50% of Friday) then morning star will be rejected.
Have a fruitful forthcoming week!
Capt. Kamil