It's just a quick breakdown of how I do my top down analysis, where I start from the monthly time frame and work my way down to the hourly time frame. Hope this helps for you guys and I hope you guys also enjoy this video.
Sorry, there's a bit background noise since I am sitting in the coffee shop here while i am traveling. But, I hope you guys enjoy my analysis for the USD/CAD here. This pair has been making some really nice move now, and I can see it continue to make more bullish moves.
The pair has now shifted its direction and we could potential see a nice a trade to the up side. Best is to wait for the pullback before getting yourself a nice entry.. We got a big divergence on the bigger timeframe as well. There's 2 possible trades, 1 short term and 1 long term.
Everything on chart pretty much explains everything that we need to be aware of. Now, we must be patient for a sign. That We can jump in to make some massive pips.
This is going to be a AB=CD pattern trade
This is probably the only exotic pair that I trade, This pair has been ranging for a while, but I could see it break out of its range. But there's a 3:1 or 4:1 trade that we can possibly make some
nice profit from.