Hello everyone,
I wanted to post for you textbook re-accumulation on USD/CAD which should be right now in plus about 560 pips. When the fundamental and technical analysis agree the result is amazing. Oil price did the job in this re-accumulation. Again, the market is driven by fundamentals and reflection of that you see on the chart.
After strong upward trend, the price went into a trading range.
We got >
SC- selling climax (stoping action)
AR - Automatic rally
ST - few secondary tests
SOS - Sign of strength
LPS - Last point of support
It was nice 5 days re-accumulation ...
Best Regards,
Petar
I wanted to post for you textbook re-accumulation on USD/CAD which should be right now in plus about 560 pips. When the fundamental and technical analysis agree the result is amazing. Oil price did the job in this re-accumulation. Again, the market is driven by fundamentals and reflection of that you see on the chart.
After strong upward trend, the price went into a trading range.
We got >
SC- selling climax (stoping action)
AR - Automatic rally
ST - few secondary tests
SOS - Sign of strength
LPS - Last point of support
It was nice 5 days re-accumulation ...
Best Regards,
Petar
"Buy on fear, sell on greed !!!