Hi trader's,
in this week's video we saw a perfect example of 'timing' the market. I explained that the structure was not suggesting a continuation higher yet. I still see that projected move lower as a likely scenario (yellow box in the chart).
Today's sell off in USDCAD is enough for a new attempt higher (continuation once price reverse bullish again). It is an IF=THEN scenario but I hope that by means of the video's you see that understanding patterns is helpful but to 'time' the market and truly read the market you want to look at more. I refer to that by means of 'market dynamic' and 'inter forex market analysis'.
I hope you all were able to profit from it. I still expect the buy but first things first.
in this week's video we saw a perfect example of 'timing' the market. I explained that the structure was not suggesting a continuation higher yet. I still see that projected move lower as a likely scenario (yellow box in the chart).
Today's sell off in USDCAD is enough for a new attempt higher (continuation once price reverse bullish again). It is an IF=THEN scenario but I hope that by means of the video's you see that understanding patterns is helpful but to 'time' the market and truly read the market you want to look at more. I refer to that by means of 'market dynamic' and 'inter forex market analysis'.
I hope you all were able to profit from it. I still expect the buy but first things first.
Trade closed: target reached:
Hi guy's my first target has been reached when we took out the previous low of this correction. I wish you all the best for 2018 and see you next year when I post my new video on youtube with my weekly outlook.
Regards!
Regards!
