CADSGD looks good to go LONG now, but looks can be deceiving!

Reasons behind this idea:

1. Detected bullish squeeze on the 1Hr Timeframe by our algorithmic systems.

2. Stochastic indicators are headed in the oversold zone.

3. Bullish hammer candle pattern on a support trendline.

Caution: MACD indicators have crossed bearishly.

---------- Chart Drawings ----------

Red Line: Resistance Trendline
Blue Line: Support Trendline
Purple Line: Suggested Stoploss
Green Line: Suggested Take Profit


Please trade responsibly and good luck!