Kiwis vs. Loonies
Updated
This chart is a little more ... in depth.
First of all, we do not short the market, eventhough we want it to reach the green box, where we are looking for long entries.
Why are we not shorting the market? -> there is no valid structure for us.
We want to buy that market, and enter at either one of the 4 relevant green levels.
Lets take a look at the big picture first!
In the weekly chart, we are in the bullish BC correction area right now:
As you can see, nearly every correction level gave us good entrys. Even in the weekly. As I dont trade the weekly, lets have a look on the daily, where we found the red sequence, to bring price into the blue correction area.
Daily Chart:
from the last high in the weekly trend, a sequence was formed. Our first entry is the correction level of the B to C move. Everything prior is gambling.
and finally we look at what we could do right now:
So lets wait for price hitting our buy area, and enter the trade. Happy Pips!
If you have questions, regarding this system, let me know!
First of all, we do not short the market, eventhough we want it to reach the green box, where we are looking for long entries.
Why are we not shorting the market? -> there is no valid structure for us.
We want to buy that market, and enter at either one of the 4 relevant green levels.
Lets take a look at the big picture first!
In the weekly chart, we are in the bullish BC correction area right now:
As you can see, nearly every correction level gave us good entrys. Even in the weekly. As I dont trade the weekly, lets have a look on the daily, where we found the red sequence, to bring price into the blue correction area.
Daily Chart:
from the last high in the weekly trend, a sequence was formed. Our first entry is the correction level of the B to C move. Everything prior is gambling.
and finally we look at what we could do right now:
So lets wait for price hitting our buy area, and enter the trade. Happy Pips!
If you have questions, regarding this system, let me know!
Trade active
We are in the reentry area right now. My long is activated.
Free Trading Education:
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discord.gg/EQmck5aU
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