I decided to post USDCAD with an exact explanation.
Market Phase:
1) Accumulation Phase - Smart money, experienced traders and institution join the market 2) Re-Accumulation Phase - Here, more and more investors are joining the trend and ensuring higher prices. 3) Distribution - Is the origin and the initial phase of a bear market, at this stage, the market is often overbought
Compression:
It shows us the power of the Supply and Demand Zone. This is is typically a Uptrend or Downtrend till the next Supply or Demand Zone. From there the price will reverse.
Let me now in the comment section below your view on USDCAD and what you think about my Analysis. Please leave a Like
Good Analysis!
This is my work on this pair. Price losing Ichi cloud support
Mccdaver
⋅
Great analysis - unique from traditional technical analysis. Thank you for sharing in detail. Hopefully you can share an update as the pattern takes shape.
:)
DariusFxTrading
⋅
@Mccdaver, thank you very much. Yes I will do. Maybe I will post then a new Update Analysis
privatedropout
⋅
Still short? These 20 pip bounces to upside are getting scary/annoying
DariusFxTrading
⋅
@privatedropout, Just correction in my eyes. Remember the market moves in waves. Not in straight lines.
privatedropout
⋅
@Darius17, ya just been waiting for this big short for the past like 10 days lol so getting anxious, ill wait it out
DariusFxTrading
⋅
@privatedropout, haha yeah this is usdcad. I can send you some examples if you want. But this is the typical behavior of usdcad
privatedropout
⋅
@Darius17, Sure I'd love to see some, I strongly believe this is heading back down to 1.30 my only issue is the whole virus thing and how it's affecting oil, but it's starting to look like oil found a bottom which could be a good thing
This is my work on this pair. Price losing Ichi cloud support