Use GMMA and see the market momentum start shifting as early as daily chart frame as well as even 8 hour chart frame. For possition holders, this might be it. Your ride.
USDCAD major trend is up. There is a pullback beginning and might continue pulling back for the coming weeks. So you might want take a look at your short strategies. I think we have two options here.
1: IF the market DOESN'T fully break thw ,5 line but instead start bouncing up, that means it doesn't have strength to go further down which means you want to start...
If you look at GMMA(Guppy Multiple Moving Average) on hour frame, you can see the compression of short term traders pushing the market down as well as long term traders stopped selling and is deciding to sell again. This might be the beginning of a new down trend and might last for the coming days.
Being long term trader(position holder/trend trader), you don't need to worry what's going to happen the next day and the day after. Here is my prediction on what EURSEK might do over the coming months and probably years. This idea is based on technical analysis.
