USDCAD LONG

ที่อัปเดต:
This chart starts with a up bar wide spread with volume ultra high that closes at the top with the next bar up, so there is certain demand in the market, previous that the price go down three bars and the first two test this up bar with climatic volume, after that, the price go up in a reaction of the demand in the market, shows a up-thrust followed by a test with high volume (i hate those) that is followed by a ultra high volume down bar with wide spread clossing off the lows with the next bar up, so, now we are in the same area where we seen the climatic up bar.

After that demand hits the market, we see three tests with a confirmation in a up bar closing near the open of the bar with normal volume (that bar dont represent supply cause the volume is average, and it confirms the demand present at the previous bar. The next bar is a wide spread up bar with high volume that take off the previous 218 bars (and the resistency line of the climatic bar at the background), this is a clear example of absorption volume, after a two big climatic SOS present in the background.

To take in consideration: We are currently in a uptrend at long term in this pair, the price is now overbough, so, we need to see a test of this resistency line (now support line) to go long, i also mark the previous high of today in red, because its also a big resistency, if the price closes down with low volume and the low is higher than the previous bar, i will go long.
บันทึก
Look at the bar of 09/19 5:00, its a down bar narrow spread closing off the lows with low volume if you take it in isolation, but if you compare that bar with the three test's bars seen in 15/09 you will know that the volume is increasing.

Also look at another test at bar of 09/21 and look at the volume, there is, another test with increasing volume, so, that explain why the price go down after that, because if you got a zone where the price is testing the supply and it shows that supply is increasing, you will know that is impossible to have higher prices until that supply disapears.

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