waiting for candle confirmation at current SNR lvl, in addition good FIBO lvl, if break or no confirmation candle, will wait until eot fibo tu buy all out
Last weekly candle: Doji (indecision)
Last 2 week candle: strongly bearsih.
Market Difficult to predict if just pay attension on one only pair
Basket view of CAD pair is need and overall bias is Sell.
Price hav 3 time test current snr and the test became weak till the last one.
prev. month bearish candle, and last 2 week candle bullish (mybe bullish for retrace). then this time to sell
in view of current price at the SNR level, predicting price will drop at the beginning of next week. before continuing climb up.
so waiting at FR golden area is the best idea for conservative trading, in other hand, can scalping sell with TP at FR level. TQ
Last 3 week candle and last 2 week candle if combine looks like doji spike high, last week candle spike low, with the one of daily candle form spike low in downtrend. if we look back, the daily spike low was form below the one of strong snr, and close below.
This give an idea that price can continue downward due to done break SNR, or can go upward regarding candle...
Prev weekly candle strong Bullish then close below area Strong SNR.
Daily Thursday and Friday candle form small candle with slightly long wick remain at above after strong Monday Tuesday and Wednesday Bullish candle, sign of Buyers depletion at SNR.
in view of last Jan candle form spike low then on Feb cndle form solid Bullish candle, this give an idea to cont the...
Monthly Jan candle spike Low, along Feb week price move within 1st week high and low. not even break or false break this WH and WL. and price playing around Up to 50% FR downtrend. so prediction. price buy 1st then sell till WL. TQ
base on prev 2 weekly candle, price is strong bullish candle, then prev weekly price was Bearish, but at the and of the week, price trying to push up back again
looks like price will continue for Long for another week
