AUDCAD 2h long, bullish CCIDivergence
Actualizado
There is a bullish CCIDivergence on the 2h AUDCAD chart. CCIDivergence means that the price moves into another direction than the Commodity Channel Index (CCI).
In this case price was going down, while CCI was going up - a bullish CCIDivergence formed and is shown as a green line on the chart.
I've marked older CCIDivergences on the chart and it looks like, that with that special configuration of my Study (Indicator), the CCIDivergence had good results indicating Trend Reversals.
I think that price could rise to at least 0.97499, which is a former low/ support-line, that might turn into a resitance-line.
In this case price was going down, while CCI was going up - a bullish CCIDivergence formed and is shown as a green line on the chart.
I've marked older CCIDivergences on the chart and it looks like, that with that special configuration of my Study (Indicator), the CCIDivergence had good results indicating Trend Reversals.
I think that price could rise to at least 0.97499, which is a former low/ support-line, that might turn into a resitance-line.
Operación cerrada: objetivo alcanzado
Nice - target was reached but I should have had a much higher profit target!
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