EURUSD has its last buying area (green)
I will place a trade there.
The movement 0A is correctiv. But if you look overall, you see that the market is moving in the red rectangle -> bigger buying area.
This movement is corrective and it could be possible that the market want to break out of these areas.
The blue rectangle is a small buying area. The correction starts of a red rectangle. The current 0A-Move is Impulsive and AB-Starts to be corrective.
To get updated from this trade, check my signature below.
The little blue rectangle is a new short area.
It is build up from a secondary bearish sequence which is started from a red one.
if the price is below the yellow line the rectangle will move. To get updates of trade, check my signature below.
EURUSD over-retraced a little bit. With the blue rectangle we can reenter the market. If this blue rectangle do not hold - we can enter on the last red line of the red rectangle ( see chart ).
Do not forget to checkout my Signutre below.
Here we go again.
GBPCAD is a interesting buying area, as you can see here in the chart.
The 0A-Move was impulsive and the AB-Move seems to be corrective (Yellow-Area)
The red bearish sequence hereby confirms that yellow rectangle.
Hey guys I wanna come up with another market: USDCAD.
Unfortunately I'm still not able to make larger analysis, because I can't post any kind of pictures.
Anyways, we are looking at the 4 Hour Chart of USDCAD. If I could only show you the bigger picture, you would probably understand it easier. But I will try to explain it with my words.
The green line at the...
Above you can see the daily chart of EURCAD with an activated big bullish sequence (blue).
Since it's a bullish sequence and the chart looks pretty cheap overall (Monthly chart), we would like to see some possible buy areas!
After the first correction to point B we were able to define a new high (number 1). If the market comes down after the previous scenario, we...