as allready mentioned im my previous USDCAD Trading Idea, Bear claimed the 1h GMMA Chart.
As of writting this, Bear is about to turn the 4h GMMA Chart Bearish - MOAR DOWN ;-)
The first down channel break downwards and accelerated into a Stage 2 downchannel.
SR's outlined with Blacklines. Have a closer look on the outlined Box, will see how the...
The 1h chart produced a full GMMA rollover, additionally a neat Down channel born.
A messy HS could be the outcome over the next days, ill keep you updated about the HS.
Stay safe, trade safe.
Bull had its fame... And bear gained territory and managed to turn the 1h GMMA chart bearish.
To the looks of it we may see a longer bear journey.
Enjoy the chart, ask questions and trade safe!
Last week was a great week for Bears, however it seems that Bull managed to save the Weekly and Daily close - in perfection!
Fridays down move got stopped on the 1D 60 EMA and an older SR level. The weekly and daily close also was spot on the 61 Fib level from the recent upmove.
Even if last week was extremly bearish, we should not forget that we...