fx_angelo

fx_angelo

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...

fx_angelo

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...