USD/CAD has just broken a major support with very nice bearish price action (4H BEOB).
Let's now see how low this baby will go.
Have a nice day.
Let's now see how low this baby will go.
Have a nice day.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHi All,
Can anyone say if the pin I have indicated in the chart is a A+ setup. if no why? for me it is in swing high and has long wick and it closed below the left eye. I see that FTA is near. Will anyone take a trade after that candle closed. This is AUDUSD daily chart. Thanks for ur help.Ignored
DislikedHi Gladiator, if I may. That was a really tiny bar, not a setup bar for me at all. I don't see which broker is your feed, so I analyzed my Alpari.
As you see even this BAD bar reached it's target though, but that doesn't mean we have to take such a low quality setups. All aspects that we watch for are weak here: size, close, tail, confluences (weak to none)..imoIgnored
Dislikedthanks adilius.... my broker is IBFX....you explanations helps. thanks a lotIgnored
DislikedHi Gladiator, if I may. That was a really tiny bar, not a setup bar for me at all. I don't see which broker is your feed, so I analyzed my Alpari.
As you see even this BAD bar reached it's target though, but that doesn't mean we have to take such a low quality setups. All aspects that we watch for are weak here: size, close, tail, confluences (weak to none)..imoIgnored
DislikedUSD/CAD has just broken a major support with very nice bearish price action (4H BEOB).
Let's now see how low this baby will go.
Have a nice day.Ignored
DislikedHey X
You are close we want to use the top of price. But there is divergence there
Best
MikeIgnored
DislikedFor me it is pretty close to the lows from the beginning of March. I prefer to look for longs in this zone.Ignored