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