EURCAD understanding structure and trading the BIG moves!
Updated
Hi guys,
Catching the impulse moves are the key to success. To do this you MUST understand structure, and how it behaves, as this is most important.
I am expecting the EURCAD to have upside after an oversold impulse leg. Notice in my analysis, I am not using a dozen indicators, I am not using anything complicated. I am simply using analysis, and logic to draw my trading conclusion.
If you are able to identify the impulse legs, you will be able to trade ALL the big moves and you will become a trading success. Trading isn't about making complicated analysis to outsmart people. It is about trading what you SEE and not what you THINK.
Too many traders try to follow an analysis, because for example, they are a top author. But this is not how you guys should trade. You should be looking at all strategies to find a strategy that suits your PERSONALITY and CHARACTER. A strategy that works for someone, might not work for you because you're not compatible with that strategy. That's why it's important not to conform to something because it's perceived success, it's key you find what suits YOU, and the rest always follows.
Thank you for your support.
Catching the impulse moves are the key to success. To do this you MUST understand structure, and how it behaves, as this is most important.
I am expecting the EURCAD to have upside after an oversold impulse leg. Notice in my analysis, I am not using a dozen indicators, I am not using anything complicated. I am simply using analysis, and logic to draw my trading conclusion.
If you are able to identify the impulse legs, you will be able to trade ALL the big moves and you will become a trading success. Trading isn't about making complicated analysis to outsmart people. It is about trading what you SEE and not what you THINK.
Too many traders try to follow an analysis, because for example, they are a top author. But this is not how you guys should trade. You should be looking at all strategies to find a strategy that suits your PERSONALITY and CHARACTER. A strategy that works for someone, might not work for you because you're not compatible with that strategy. That's why it's important not to conform to something because it's perceived success, it's key you find what suits YOU, and the rest always follows.
Thank you for your support.
Note
Price still trading within structure. Looking for retest at bottom of structure before the next impulse move up.
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