USDCAD overview. And the StrategyOleg Alexandrov
After December decline, USDCAD did break down major lows from 2019 year. Are there any bulls in this market?
I believe, yes. And here is why.
As price broke down under the previous major lows (blue lines), the panic feeling (1) entered the market. The crowd entered into the “I need to SELL this shit” mode.
Look at the Ratio Chart.
Too many sellers (3). This is typical for oversold instance.
How to act in these obstacles?
I propose you the following Method:
Yes, You Can Become a Professional Chart Reader
To build success in any business, you should rely on things that really work.
In Chart Reading Method, they are three: The Law of Inequality, The Law of Supply & Demand, The Law of Effort & Result.
Download free books, to understand how can you apply the Laws and convert charts into profitable setups daily!
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