USDCAD follows the ancient rules of Action & Reaction.

FX:USDCAD   U.S. Dollar / Canadian Dollar
The rules of action/reaction is my analysis framework.
Applying the rules and using the framework (NOT vice versa) is giving me information, not trades.
By using these information, it helps me putting togheter a puzzle.

  • If the chart was a dayli, or a even minor TF, i would say that this market is building a upsloping
    coil, just to go down the same way as it came from (the top)...scary isn't it ;-)
...let's focus on the low from around 0.9037 - since then, the market did not "trend" in the
monthly TF, it more spiked up and down. And there we are again, at the extreme top where
price is trying to crack it.

Price Action
  • rule of A&R, when breaking a line of extemes apply
  • price reacting at the (grey) A&R lines
  • EP - a point where a final thrust could mark the turn

Lets see if
a) price can sty longer in the mini-Fork (orange)
b) the A/R line below the actual bar (grey) give another reaction point
c) we finally rocketing to EP

Lets relax and observe...

Free Mini Crash Course:

TradingView Blog:
Nice A/R Lines, When these parabolic moves outside the fork reach and then react off the lower parallel...They like to crawl up them a few times before finally breaking down. Nice to meet another forker ( Excuse the Pun! )
forker PRO Timing is key
Thanks TIK. No excueses ;-) Courious how it will end up. Orange fork is very steep...patience and time will tell.
You have a logical target, EP with CL confluence, I will do a chart workup to see if I can pickup on any price & pissible timing elements around that area:)
Timing is key Timing is key
Bad spelling :) possibly
forker PRO Timing is key
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out