So we've stayed away from USDCAD for a long while due to its Choppy Nature.
I feel like we've gained some clarity into which direction she's decided to go.
and with a strong push down, which is what we needed, to confirm a demand zone.
That Demand Zone was violated, the Gap may fill up to the support line in BLACK,
and we can see a nice test.. I will advise to wait to see the retest of the flip resistance..
Make sure to look out for candlesticks that show low buying pressure.. Examples are
Marabozu's, GraveStone Dojis, and Pinbars, Reverse Hammers.., They all simply mean the
same thing. SO you be able to confirm what kind of position to take... To take one at all...
Ensure that if it goes above the Black line you are prepared to take a sell at 61.8 Fibonacci from
the previous swing high to that newly established low....
Thank you for your patience.
Much Love and Happy trading!
#OzarkTrader
I feel like we've gained some clarity into which direction she's decided to go.
and with a strong push down, which is what we needed, to confirm a demand zone.
That Demand Zone was violated, the Gap may fill up to the support line in BLACK,
and we can see a nice test.. I will advise to wait to see the retest of the flip resistance..
Make sure to look out for candlesticks that show low buying pressure.. Examples are
Marabozu's, GraveStone Dojis, and Pinbars, Reverse Hammers.., They all simply mean the
same thing. SO you be able to confirm what kind of position to take... To take one at all...
Ensure that if it goes above the Black line you are prepared to take a sell at 61.8 Fibonacci from
the previous swing high to that newly established low....
Thank you for your patience.
Much Love and Happy trading!
#OzarkTrader
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.