We got a strong impulsive A wave up with an expanding flat in wave B therefore I'm looking to buy the C wave up targeting the 100fib.
Look for buy setup's on the lower time frames against the invalidation point.
Tutorial.
When we study EW's and different pair's you will find that a particular pair will like to give a certain pattern and will repeat that pattern over and over again. This is not to say it will give the same pattern 100% of the time because it wont but when you notice a particular pair giving the same pattern over and over again it's something you can use to your advantage when forecasting.
When we look at NZDCAD on the D1 chart it's pretty clear this pair like's to give expanding flat's in the B wave with a deep internal C wave. An advantage you have probably heard a lot of people talk about is correlation between different crosses, I'v never been a big correlation fan and would much rather look for the repeat of a pattern on a particular pair for an added advantage when forecasting. What do you use as your advantage when forecasting? Let us know in the comment section!
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, comment, share and hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Look for buy setup's on the lower time frames against the invalidation point.
Tutorial.
When we study EW's and different pair's you will find that a particular pair will like to give a certain pattern and will repeat that pattern over and over again. This is not to say it will give the same pattern 100% of the time because it wont but when you notice a particular pair giving the same pattern over and over again it's something you can use to your advantage when forecasting.
When we look at NZDCAD on the D1 chart it's pretty clear this pair like's to give expanding flat's in the B wave with a deep internal C wave. An advantage you have probably heard a lot of people talk about is correlation between different crosses, I'v never been a big correlation fan and would much rather look for the repeat of a pattern on a particular pair for an added advantage when forecasting. What do you use as your advantage when forecasting? Let us know in the comment section!
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, comment, share and hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!