Disliked{quote} EURCAD But, take another look at the Day chart. This is a true inverted H&S, and now the MMs have the price back down to the neckline. SM could be intending to reload for another great bull run. So, mixed signals. USDCAD looks bearish. Is it? If it is, will it go south due to strengthening CAD or weakening USD? EURUSD short term looks bearish, but longer term bullish. What happens next there? If EUR goes bear, even short term, and CAD goes bull, even short term, then this EURCAD H&S might not take off for a while. But, then too, that might be part of the plan to reload longs before the H&S does take off. Impossible to know, and the first day or so this week might be filled with MMs attempts at suckering DM. And right now, it is hard to discern what is DM and what is SM. As regards this pair though, it is certainly worth keeping an eye on. If price drops further (possibly SM placing long orders lower) and later comes back to NL, this could indeed be a whopping good long trade. {image} {image}Ignored
Disliked{quote} Thank you, Tah. Can you provide us a chart ilustration about this? EURCAD: As regards this pair though, it is certainly worth keeping an eye on. If price drops further (possibly SM placing long orders lower) and later comes back to NL, this could indeed be a whopping good long trade. OK, then I plan to jump in on this pair only if this scenario plays out.Ignored
The price did drop and broke the NL again.
PVSRA