USDCAD follows the ancient rules of Action & Reaction.
The rules of action/reaction is my analysis framework.
Applying the rules and using the framework (NOT vice versa) is giving me information, not trades.
By using these information, it helps me putting togheter a puzzle.
Context
...let's focus on the low from around 0.9037 - since then, the market did not "trend" in the
monthly TF, it more spiked up and down. And there we are again, at the extreme top where
price is trying to crack it.
Price Action
Lets see if
a) price can sty longer in the mini-Fork (orange)
b) the A/R line below the actual bar (grey) give another reaction point
c) we finally rocketing to EP
Lets relax and observe...
Peace!
Applying the rules and using the framework (NOT vice versa) is giving me information, not trades.
By using these information, it helps me putting togheter a puzzle.
Context
- If the chart was a dayli, or a even minor TF, i would say that this market is building a upsloping
coil, just to go down the same way as it came from (the top)...scary isn't it ;-)
...let's focus on the low from around 0.9037 - since then, the market did not "trend" in the
monthly TF, it more spiked up and down. And there we are again, at the extreme top where
price is trying to crack it.
Price Action
- rule of A&R, when breaking a line of extemes apply
- price reacting at the (grey) A&R lines
- EP - a point where a final thrust could mark the turn
Lets see if
a) price can sty longer in the mini-Fork (orange)
b) the A/R line below the actual bar (grey) give another reaction point
c) we finally rocketing to EP
Lets relax and observe...
Peace!
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