Utilizing the last 6 days of price action from 20 EMA and 200 EMA analysis.
Price has dropped 280 pips in a downward direction from the last areas of
retracement and accumulation 1.41700 and testing area 1.38600 of support
labeled in green.

Technical indicator reveals price action spread difference with 20 EMA,
200 EMA to helps confirm areas of interest break out trading or grid strategies,
and confirmation entries for trend scalpers.

Look for a retest of area 1.39500 to 1.39700 for the following 2 to 3 days prior
to the next 20 news events till 5/4. Observe the 20, 200 EMAS, the trading session price actions,
and volume analysis. Utilizing sound risk management for your short term momentum trade is how
I direct this analysis with the observation of price points as interest for certain trading strategies to utilize
keeping in mind of using this as a compliment from the analysis.

From the end of Feb 2020 till mid-March that price action of more than 1200 pips.

Since the last 42 days, price action has had a downward trend of 380 pips with many retracements labeled in area
of interests that originated from prior accumulation areas from the prior last 42 days labeled in yellow boxes.

1.38600 area is an area of interest since price action has accumulated there prior and has been tested twice,
which I have labeled in green start from an accumulation area in the yellow box.
1.42000 is labeled in red has the highest retracement from the support line in green 1.38600.

Keeping in mind that price action is in a downward direction from a wide gap from the last 3 months lows.
This may resemble a downward accumulation of orders that can be exploited during the next 20 economic
news events that affect the USD/CAD and its counter correlating pair EUR/USD, so three currency
price action deviations could be used to confirm entries and or exits for break strategies at a price point of interest.


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