USDCAD appears like a choppy mess of consolidation. there are multiple attemps at the highs only to fall back down. Should be a good move to sell at the top of the range for a very good R/R play. MY stop would be just above the previous highs, at the 1.3329 area. Good trading to all.
being a novice trader, this market sure as heck scares the heck out of me. I've no clue where price action is heading. This choppy action will surely just take my money and spit me out. And id stil not know where i went wrong. Good to have a place like Tradingview where i can come and learn from professionals. As for this market i will just stay out of it for...
THIS PAIR IS WELL BEHAVED. TO CONTINUE WITH A PATTERN OF LOWER HIGHS, A BUTTERFLY AND A BAT PATTERN ALL TERMINATE IN THE 1.1257 AREA FOR A TREND CONTINUATION SHORT WITH GOOD R/R RATIO JUST ABOVE THE PREVIOUS HIGHS.
hey folks, decided to come out of the shadows and get involved in sharing my ideas. I believe sharing my ideas for others to critique with feedback can help me learn to better analyze market trends and where the market may go.
Anyways, onto the chart. EURGBP-0.21% has spiked out of a downtrend. If my wave count is correct it will retrace back to a support level...