Here is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next.
A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried on with the move. Flags can be found both in higher timeframes as well as lower time frames.
This is a cracker! Very well documented, a great training mark-up .. have sent to my friend who is just learning Technicals.
MasterSaps
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- Lets see if I have learned well from above. What do we think?
WicktatorFX
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@MasterSaps, I think with that, the move is over extended so it wouldn't be classified as a flag. With flags, you want to be looking for tight clear corrections after an impulse. For the above chart, there isn't too much data to work on so I'd be looking at it like this:
UnknownUnicorn18142411
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interesting
UnknownUnicorn635932
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time to go shopping?
StewySongs
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I'd be mindful of analysing on the 480 minute chart. The big institutions who cause the big moves aren't trading on this chart and to make money from trading we obviously need to be trading as closely in alignment with them as possible. ✌🏻
haribol11
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Just found your channel and will be studying your analysis. Great work. Keep the education section rich so people like me can learn the ropes. Thank you for your efforts.
soltani1234
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very nice
Sophiaelias
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I still look at this :-)
ejikehumble
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please sir can you teach me analysis . I lost a lot on crypto , am bankrupt now. I saw your good work on your analysis . please help a friend