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Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
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DislikedUSD/CAD and CAD/JPY analysis Besides our existing bearish bias on JPY pairs (bullish on JPY); today's tweet1 and tweet2...Ignored
It made a mathematically perfect 3 drive. If you measure distances, you will find that 2nd drive is precisely 161.8% of 1st retracement and 3rd drive is precisely 161.8% of 2nd retracement.
Only glitch is 2nd drive whose speed is not harmonic with 1st & 3rd drive.
ABCD expansion 127.2 coincides with top of last drive, which makes it a significant resistance. From this point, USD/CAD started falling slowly and we entered sell.
Minimum target of 3 drive pattern is to erase the last drive. Nonetheless, we are not targeting bottom of 3rd drive.
If you look at retracements, it seems that a 3rd harmonic retracement may take place. Nonetheless, we are not targeting bottom of probable 3rd retracement either.
We are just targeting FIB38.2 retracement level of last drive with SL above today's top. It fulfills our risk management criteria i.e. at least R:R::1:1 or better.
DislikedUSD/CAD analysis | Nov 20, 2019 It made a mathematically perfect 3 drive. If you measure distances, you will find that 2nd drive is precisely 161.8% of 1st retracement and 3rd drive is precisely 161.8% of 2nd retracement. Only glitch is 2nd drive whose speed is not harmonic with 1st & 3rd drive. ABCD expansion 127.2 coincides with top of last drive, which makes it a significant resistance. From this point, USD/CAD started falling slowly and we entered sell. Minimum target of 3 drive pattern is to erase the last drive. Nonetheless, we are not targeting...Ignored
DislikedBuy CAD | Nov 22, 2019 CAD may gain even more but I have, unlike last time, bought CAD against JPY instead of selling USD/CAD. To learn more and view entry, SL & TP; read full analysis.Ignored
Dislikedagree it's bearish! but it's been holding on resistance levels which I believe will break. However, I don't see how far it will fall. It may very well be a small run.Ignored
Disliked{quote} I have some doubts that it will break the resistance as it's holding the level fiercely. I also see pressure to the upside. so I closed my position. We'll see where the price action goes then get back in accordingly.Ignored
Dislikedbias is break down triangle. 1. daily lower high lower low 2. h4 big bullish candle not able to close above big bearish candle and stalled at resistance and 61.8 fib {image}Ignored