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USDCAD - Pure Action/Reaction Chart

FX:USDCAD   U.S. Dollar / Canadian Dollar
For your study...

P!

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Comment: Don't forget this one!

Check how price RE-ACTS at the A/R lines...

You guys know, that i'm not making a relegion out of Action/Reaction & Forks.
It's "just" natures law, that Newton discovered, and Babson and Andrews brought ot the markets.

I really want you all be able to learn from this and use it for your one style of trading - it's a tool for your toolbox. Nothing less, nothing more. Just use it to your advantage.

STUDY this chart... and grab your free seat @ the Basic Action/Reaction & Fork course: http://mytradingcoach.teachable.com/

P!
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Nice chart a very powerful centre line to measure action/reaction. When you get a BIG spike through the reaction line and then totally rejects it and closes below near the bottom, very high probably it will reverse. Nice area to take off your longs and go short. The other clue is at the previous reaction lines they where small pauses ...then the trend continues, many times with another close beyond.......Like you have shown with the UP arrows on the way up. The kickbacks against the line is where you can add to your position.

Great chart!
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forker Timing is key
TNX Ross.

Yes - i think we will see P5 way donw...takes some months/years probably...

Happy day my friend
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Hi. Please what u mean about "not close above here" ..... Do u mean that it will continue up and till where????
Reply
forker tony1Fxjan2016
hi tony

i mean that price was not able to close above and left a big space from the high to the close.
that's why i would expect price to go down. and this would imply that P4 is potential correct = price will go down to P5.

cheers
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