EURCAD Bullish Divergence

Price diverges with MACD and RSI and it gives us a bullish divergence. DMI allows open long trdaes because ADX line starts falling and it's a signal that bears are not so strong. We can place buy-stop pending orders above 1.48350 with stop below 1.47000 level. Profit targets for long trades should be near the resistance level 1.50000 and MA100. There is one thing we have to take into consideration. Based on the daily chart price breaks MA50 and the market has free space for down movement. Probably price will drop to 1.46000 level. We'll get a double bullish divergence. Any way it will be a buy signal and a new trading opportunity.

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