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22-06-2022 _ Short Term Bullish Idea _ GBPCAD H4
1- Bullish Divergence on MACD indicator resulting in a move UP.
2- The price action then flipped by creating a new HH resulting in Convergence on the MACD indicator.
3- This presents a typical case of Divergence followed by Convergence.
4- Convergence typically results in Consolidation or a Pullback followed by further continuation to the UP side.
Therefore as long as the two support zones hold my view remains Bullish.
2- The price action then flipped by creating a new HH resulting in Convergence on the MACD indicator.
3- This presents a typical case of Divergence followed by Convergence.
4- Convergence typically results in Consolidation or a Pullback followed by further continuation to the UP side.
Therefore as long as the two support zones hold my view remains Bullish.
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