The “Golden
Cross” is when the 50 or the 55 period moving average crosses above the 200
period moving average. On the 4 hour chart below of the USD/CAD, we can see
that the 55 Exponential Moving Average (purple line) crosses above the 200
Exponential Moving Average (blue line). This is an indication that the bullish
momentum may continue. However, the long entry point was at the pullback of the
breakout of the price above the 1.0800 level. This is an entry signal from a
pattern known as the Breakout and Pullback Formation.
At the
moment we just have to wait and see if the price really reaches the 1.0900
level where it may find some good resistance.
That's good analysis, thanks.
ReplyDeletethanks for the post
ReplyDeletegreat analysis
ReplyDeleteVery useful analysis
ReplyDeleteVery Good analysis. Now going up
ReplyDeleteLooks like USDCAD is in bullish mode.
ReplyDeleteBitcoin has changed my life because I invest in it the right way and one thing that gives me joy is because I also learn the concept of trading from a expert to accumulate and hold more bitcoin. . Let a professional trader guide you on how to start your journey into cryptocurrency the right way. My first month using Mrs Chan’s strategies and signals, I profited up to 400%. My 2.5BTC gave me a return back of up to 9BTC. Looking into this month as well, what have you planned to achieve? Why not take that step now and contact Mrs Chan on WhatsApp (+27 65 696 1537)and surely she will help you change your portfolio status.
ReplyDelete