Weekly mapping of the price, we map, not predict in Multi UT analysis ;)
Some rules to understand the form of the strategy: (Can answer to your question about the content of DFT strategy :) )
- shade of red trends = primary (the black one are secondary trends)
- Redish trends is primary as medium investors are arbitring short/long term investors decisions.
Div:...
Observations:
-The red clouds are most likely FOR NOW to cock block any attempt to go through this red storm. Wait for neutral or green clouds to appear in the long term trends (supply turning to demand).
-The hourly medium term investor trend turned its resultant to buyers area despite a descending trend.This should be breakable but didn't yet.
=> I recommand...
3 long target:
- Top of demand area
- Ascending daily medium term investors trend support
- Ascending weekly medium term investors trend support
Safety first: Set up a Sl as per chart
Gl
With the Canadian Dollar reaching to an extreme against the USD we are trying to find the bottom for the CAD on all pairs and it is more clear now that we will reach a primary bottom for the CAD very soon.
When we look at the GBPCAD long term trend it is clearly a downtrend and the uptrend started around 2013Q1 is a corrective 5-3-5 trend.
In wave C, the fifth...
