NONE COMMERCIAL ARE STARTING A BUY JOURNEY @USDCAD
Since The Beginning Of 2019 The None Commercial Traders Were On The Sell Side, We Can See This Clearly On The Chart, Until Feb They Start To Reduce Their Shorts And Preserve Longs....
How To Read This On The Chart? As You Can See There Is A Tremendous H&S Pattern With A Perfect MACD Divergence
The Target OF The Head And Shoulders Was Exactly At A Strong Fib Lvl 78.6% (Jan 2019 high to Feb 2019 low), Precise MACD Divergence And Kindly Wedge, All Of These Data Gave Us A Great Selling Opportunity, At That Time None Commercial Traders Started To Rebuild Short Positions...
We Do Ride This Down Leg To Hit 100% Fib Extension Target ( Jan 2019 high to Feb 2019 low), The None Commercial Starting To Flip The Coin Their are building longs Tremendously Fast...
CONCLUSION
How To Read This On The Chart? As You Can See There Is A Tremendous H&S Pattern With A Perfect MACD Divergence
The Target OF The Head And Shoulders Was Exactly At A Strong Fib Lvl 78.6% (Jan 2019 high to Feb 2019 low), Precise MACD Divergence And Kindly Wedge, All Of These Data Gave Us A Great Selling Opportunity, At That Time None Commercial Traders Started To Rebuild Short Positions...
We Do Ride This Down Leg To Hit 100% Fib Extension Target ( Jan 2019 high to Feb 2019 low), The None Commercial Starting To Flip The Coin Their are building longs Tremendously Fast...
CONCLUSION
- FIb Extension Target.
MACD Divergence.
Great Triangle Pattern.
None Commercial Starting Their Buy Journey.
Note
We Are Reaching The Upper Boarder Of The Triangle Now ....I Think We Can Break It, We Have TO Break It
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Am Sorry Because There Was A Wrong Text This Is The Right Text Fib Ext Target
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The Pair Did Break The Upper Boarder Of The Triangle We Have To Stay Above This Border To Be In A Safe Side ...
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Canada Dollar Are Dancing On The Upper Boarder Of Our Triangle Pattern Trying To Find The Perfect Beat( UP UP UP VERSE), But Looks Like We Have To Waite A While Before Any Meaningful Break Nonetheless, Some Negative Pressure From The Magenta Trend Line Resistant Held The Price From Moving Higher....We Are Preparing For The Party Traders.....
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Finally And After We Waited Some Time, A Meaningful Break Of Our Magenta Trend Line Resistance Took Place To Continue Our Party That We Started It Last WeekA Tremendous Double Bottom Has Been Formed Previous Week, This Will Give Us A Great Additional Edge In Our Trading Plan dated (22 July 2019)
Based Upon What Mentioned Above, We See A Great Potential Buy Opportunities On Canada Dollar Between 23.6% and 61.8% Fib Retracement( From Double Bottom Low To 2.272% Fib Inversion Minimal Target) Where Divergence Took Place And Price Starts Retracement...
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Canada Now At Our Buy Zone 0.236% Retraced After Divergence Took Place On MACD
Who Cares About 23.6% Fib Level ???
believe It Or Not We Do Care !!!
Do You ??
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Traders Send Me A PM Asking Why I Should Trade That 23.6% Reteracment, And They Said That A Lot Of People Ignoring Such Levels On Fib Retracement...BUTTTTTTT!!!!!!
Believe It Or Not We Will Ride This Canada Dollar Till The End 3300-3400
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Do You Remember Our Buy Zone Range Blue Box A Tremendous Opportunity Was There And We Take A Great Beautiful Action
I Hope You Did The Same, Because We Are Perfectly Selective And We Only Choose The Best Chart And The Perfect Pair To Trade Along With Big Dogs ...
HERE WE GO THE UPDATE
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I Rather Call This Chart 3 Buddhas Instead Of Head And Shoulders Pattern Any Way Lets Work
A two Bearish Type pattern (Triangle & H&Ss) And A Perfect Divergence Occurred Exactly At 3% Fib Inversion Target (Most Recent High)...
Now, We Have Yearly Low, And We Have Higher Low ( Means Up Trend ) No Matter If This Trend Is A Correction Or Impulsive We Have To Move Higher...
Two Fib Lvls On Place One From Yearly Low To Most Recent High And The Other From Higher Low To Most Recent High
PS If We Break Above The Upper Boarder Of The Black Triangle Then Down Side Pressure May Erased ...
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CANADA Breaks The Upper Boarder Of Our Triangle, As We Thought We, Down Side Pressure Erased .....Trade closed: target reached
What A Great And Tremendous Effort We Made To Catch That 320 point USD/CAD...Duration From 19 July To 8 Aug....
I Hope That You Guys Entered With Us....
Trade Close And See You In A Next Grantee Trade
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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.
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.