Marenno
Long

USDCAD LONG ENTRY LEVELS, EURO SESSION ONLY

FX:USDCAD   U.S. Dollar/Canadian Dollar
12.5% More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones

Average ((V+OI)/2) Put call ratio is positive, so most of the market participants do have a bearish view on the instrument, knowing that most market participants can be wrong, it has to be similar to your own opinion to follow this direction, in case of this report, direction has to be the same with my MTFFC's direction







Next webirar (London time): 18/08/16 10:00 youtube.com/c/marenno

How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.







Currently there are no clear patterns on a chart (it doesn't mean that there are no level limit entries and places for stop entries)

We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1W WR4; 1M NR4; 1M NR7;
Learning material:
How to count option levels: http://marenno.com/index.php/counting-option-levels/

















Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 1.28999
Option level R3 1.28999
Option level R2 1.28999
Option level R1 1.28170
Option level S1 1.27364
Option level S2 1.27364
Option level S3 1.27364
Option level S4 1.27364

Session (current session only) levels:
r3 1.28483
r2 1.28332
r1 1.28181
p 1.27975
s1 1.27824
s2 1.27618
s3 1.27467

I really hope that sharing of my routine with you, will help you in your trading.

Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.

Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
youtube channel:
youtube.com/c/marenno

Using:
http://marenno.com/index.php/how-to-use-volume-and-open-interest-option-levels/

Counting:
http://marenno.com/index.php/counting-option-levels/

Banned: https://www.facebook.com/marennoacademy/
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