Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find USDCAD chart interesting as it has been following the basic laws of market structure.
📚 So let's keep it simple => K.I.S.S. Keep it simple, samurai ;)
📈 First the bulls took over by breaking above the previous major high in gray, and USDCAD started to make higher highs and higher lows.
📉 Then the bears took over by breaking below the last major low, followed by lower lows and lower highs.
📈 Last week, the bulls took over again and USDCAD has been bullish ever since.
📉 Now for the bears to take over, we need a break below the last current major low highlighted in gray.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
I find USDCAD chart interesting as it has been following the basic laws of market structure.
📚 So let's keep it simple => K.I.S.S. Keep it simple, samurai ;)
📈 First the bulls took over by breaking above the previous major high in gray, and USDCAD started to make higher highs and higher lows.
📉 Then the bears took over by breaking below the last major low, followed by lower lows and lower highs.
📈 Last week, the bulls took over again and USDCAD has been bullish ever since.
📉 Now for the bears to take over, we need a break below the last current major low highlighted in gray.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.