USDCAD H4
We had 5 legs move.
The 5th bearish frame had bullish divergence in relation to the 3rd bearish frame. The 5th frame (leg) was colored in pale red therefore it was an exhaustion frame.
From the 1st ~ 5th leg the price decreased but the standard deviation increased.
This indicate a bullish divergence
Verdict expect a correction of the bearish move or probably a trend reversal to the upside or sideway move
We had 5 legs move.
The 5th bearish frame had bullish divergence in relation to the 3rd bearish frame. The 5th frame (leg) was colored in pale red therefore it was an exhaustion frame.
From the 1st ~ 5th leg the price decreased but the standard deviation increased.
This indicate a bullish divergence
Verdict expect a correction of the bearish move or probably a trend reversal to the upside or sideway move
This is not investment/trading advise. Will not hold accountable for loss
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