EURCAD Bullish Confluence on RSI Bullish Divergence and Support
There are multiple interesting things going on here on EURCAD from a techncial analysis perspective.
The price has hit this horizontal support zone three times earlier already, and all times resulted in a bullish continuation.
Furthermore, a Bullish RSI Divergence has formed, indicating a bullish continuation of the price.
Now that we achieved confluence through an RSI Bullish Divergence, and a fourth hit of this support zone, I will suggest a LONG position.
The price has immediately confirmed both the support zone and the RSI Divergence by printing a nice green candle on the 1h.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Recent success stories
![[LAST OPPORTUNITY] Before the market closes on EUR AUD](https://s3.tradingview.com/u/U0WZAkk7_mid.png)
![GBPAUD Just Confirmed A Support Zone [QUICK UPDATES]](https://s3.tradingview.com/8/8jEN4AFy_mid.png)
The price has hit this horizontal support zone three times earlier already, and all times resulted in a bullish continuation.
Furthermore, a Bullish RSI Divergence has formed, indicating a bullish continuation of the price.
Now that we achieved confluence through an RSI Bullish Divergence, and a fourth hit of this support zone, I will suggest a LONG position.
The price has immediately confirmed both the support zone and the RSI Divergence by printing a nice green candle on the 1h.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Recent success stories
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.