Australia vs. Canada
In this pair, we do have a bullish sequence, wich gives us a nice reentry right now.
As you can see with that long consolidation going on, price wants to move up, but needs to trigger some short orders first. The big ones, want you to believe that the price will fall. I highly doubt that.
The plan is, that price will move all the way up to point C. Lets see how this plays out.
In case you have any questions, drop me a line ;-)
Just so you guys know, this is not an Elliot Wave thing, I only use the tool to visualize the plan.
As you can see with that long consolidation going on, price wants to move up, but needs to trigger some short orders first. The big ones, want you to believe that the price will fall. I highly doubt that.
The plan is, that price will move all the way up to point C. Lets see how this plays out.
In case you have any questions, drop me a line ;-)
Just so you guys know, this is not an Elliot Wave thing, I only use the tool to visualize the plan.
Trade closed: stop reached
This one did not work out, but at least it was over quick ;-)
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Free Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.