The USDCAD give us an opportunity to get in the market as sellers. Do not open any position if the price doesn't closed below the previous candlestick (body and spike), we will be in a better position if this candlestick closed lower and it have a spike at the top. I will be happy to talk about this technical analysis with other traders.
This is what happens when you get into a rush and FEEEEL like you just need to take a trade. Boom! Bitten when you fail to apply yourself.
I'm willing to take the risk being the lows have yet to be swept out. Perhaps the buying was a run on buy stops for a push lower. Let's play!
A short video for my friend...
Quick summary of how i usually view the markets. In terms of market movement, i tend to view them as either Ranging or Trending market environments. - Trending environment means that price has a general direction it is heading based on High Time Frames market structures. BULLISH Market structure refers to higher highs and higher lows, while BEARISH Market...
Thick pink line - High set in August of 2013 Weekly range - Refer to price oscillating within the range with no clear close above or below the range Last week range - Create another range using last week high and low Thick blue line - 3rd Quarter Open (July's Open) Liquidity pool - Refer to areas of interest, as i believe most people put their stops behind...
Top down analysis on Bitcoin Marked out S/R levels on higher time frame. - Expecting 8300$ level to hold resistance - 8050$ New support level Leave any comments if you feel any aspect of the video was not clear :) Cheers fellow traders!
Thanks for watching this video. This is an emerging setup, once it becomes a valid trade setup it will be published in Forex Bootcamp that you can access using the Telegram link in the link area below. Join my mailing list and receive free price action training at www.facebook.com
Howdy Yall! I know I've missed you guys for a bit now. I feel bad about that. I'm back! I shot this video this morning, having to give my hearts best to hold back my ABSOLUTE DISGUST! ... There are people in that chat giving out advice that will really break your portfolio. I'm not going to stoop to dropping names. I think you guys will see the goodies from...
Hey Guys... Quick updates on BTC/USD and my opinions on what price action is currently doing. So in my last video, I mentioned I thought we would hit the 11K mark and would likely see a pull back from this level. 11K was hit and we are now seeing that pull back shape up. The ? is how far back will price move. While price can always keep moving up, I do...