SignalSwiss

[USDCAD] MORNING STAR IN DEVELOPMENT ?

FX:USDCAD   U.S. Dollar/Canadian Dollar
1850 9 65
2 months ago
WAIT..... and we'll see...
If this analysis will appeal to many traders, we will post some updates in the coming hours.

Thank you for your support and trade with care!
2 months ago
Comment: This pattern is developed with at least 3 candles, so we just need to monitor today's close. Thank you for your support and trade with care!

snapshot
2 months ago
Comment:
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tst
2 months ago
thought Morning star was at a trough. I call this a hanging man http://www.investopedia.com/terms/h/hangingman.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186
Either way it is a guide for trend reversal.
+1 Reply
SignalSwiss TOP tst
2 months ago
I disagree, but I respect your idea. Thanks for share it!
+2 Reply
DoNotFolloWmE tst
2 months ago
I call that three candles pattern "evening star" when bearish "morning star" when bullish, but I think names are not very important the most important thing is what the formation means.
Regards
+1 Reply
tst DoNotFolloWmE
2 months ago
Yeah "evening" at the top of up trend and "morning" at bottom of down trend but to be a star there should be a gap in price also but that is MY interpretation. I think candle stick reversals are just complements to a fib level were you think a reversal can happen. Engulfing candles are also good for trend continuation and reversal....etc etc.
Reply
Walentine DoNotFolloWmE
2 months ago
yes, you're right, but the semantics we leave to other traders :) " ....the most important thing is what the formation mean". I agree!!!!
Reply
Jahid
2 months ago
snapshot

just idea
+2 Reply
docelky Jahid
2 months ago
snapshot


Looks like a classic ABC correction... Send that to robert preacher

There is also a huge squeeze on the Bollinger bands... I think it will correct to the level of the 4th wave
+2 Reply
SignalSwiss TOP docelky
2 months ago
very nice analysis Docelky! Thanks for share it!
+1 Reply
Walentine
2 months ago
Fantastic!
Reply
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