We might form a larger correction but for me i don't care all am only concern is for the price to break below the kinda the double bottom that will be my major concern to short Follow for more
Am Seeing a strong momentum from the bears i.e some potential moves from sellers because we broke out of the overall bearish correction Follow For More
keep it simple. This is my idea of a usdcad short this trade has touched the trendline the third time and respectfully resisted there is a intraday target of 1.27200 and a swing setup tp of 1.25500. upcoming trader and tips or feedback is appreciated from anyone thankyou
AFTER IDENTIFYING PHASES OF WYCKOFF THROUGH ACCUMULATION EVENTS PAITENCE WILL BE TAKEN INTO ACCOUNT FOR UNDERSTANDING PRICE ACTIONS DFESIRES, LIKELY ANTICIPATION SOF A SOW IN PHASE B OPENS UP OUR EYES TOWARDS BUYING OPPORTUNITES ON AN UPTHRUST AND CREATING NEW LOWER HIGHS WITHIN INSTITUTIONAL CANDLE RANGE
AFTER FOLLOWING WYCKOFF EVENTS OF DISTRIBUTION SCHEMATIC, PRICE ACTION IS DISPLAYING LAST POINT OF SUPPLY THIS INTIATES ANTICIPATION OF AN AREA OF INTERST TO WHERE PRICE WILL POSSIBLY REJECT AND FOLLOW WITH A PULLBACK TO THE UPSIDE WHILE NOT LONG AFTER PROCEEDING THROUGH A RETRACEMENT ZONE, AND CONTINUING IN BEARISH MOMENTUM
We have good potential here. Lets keep our fingers crossed on this everlasting pending breakout. I also left a link from my last prediction. Feel free to check it out and refresh the bars, leave a like, comment your ideas, and fallow for weekly or daily updates! Happy trading and good luck all OANDA:EURUSD Disclaimer The material and information contained...
A little short on xauusd elliot wave 4th wave running