The USDCAD has recently exhibited a trading pattern known as the internal structural reverse. This pattern serves as a robust indication of trend continuation following the completion of a wavestructure. The concept involves trading in the opposite direction when a second break of a structure fails to sustain the prevailing trend.
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This is a price behavior approach, for education purposes.
The Price will not travel in a straight line, and it takes a great deal of time & effort for an ongoing primary trend to change.
The situation in the Aussie and Kiwi is similar and the approach must be the same, however, we have a hierarchy in our selection whether to buy or sell.
When buying we prefer...