In order to determine trends in the Forex market and obtain profits from them, we must apply some strategies that, although the conditions do not align in all cases, identifying the exact entry point can give us many pips of advantage.
These strategies combine indicators with price levels (supports and resistances) when confirming a market entry, so it is necessary to modify the chart to determine good opportunities.
Disclaimer: the information provided in this article shouldn’t be considered investment advice. The post has been created for educational purposes only. We are not financial advisors.
To position a long order, we must ensure that the EMA 6 intersects the EMA 18 and both must be positioned above the 50 EMA, while the 200 EMA remains below all. It is recommended to review the chart in H1 timing to see the price levels from a macro point of view.
The same procedure is used to determine a short chance using this strategy but in the opposite direction. The EMA 200 must be above all, thus determining the start of a new downtrend.
Surfing the bull Flag is a strategy that can be applied to any forex pair, including USDCAD.
Look for the flag pattern that surges 6EMA or 18EMA, in a strong trend, bullish or bearish respectively.
In this strategy we can identify:
For placing short orders:
The Wyckoff strategy is designed to reap benefits from the accumulation and distribution ranges. In other words, take advantage of price drops when it fails to break resistance and rises when it fails to break supports. This technique can be used for USDCAD and other currencies as long as there is a good level of volume on the market.
Speaking of the four phases of the market: accumulation, bullish phase, distribution and bearish phase. Professionals operate in the accumulation and distribution phases, and the benefits are generated in trend stages. Consider these points to use the Wyckoff strategy:
The so-called accumulation range is the path that the price makes from a resistance to a support when it fails to break these levels, while the distribution range is the path between a support / resistance that breaks towards other price ranges. Logically, if the price enters the distribution phase, we can take this signal as an indicator to place an order: If it breaks the support, a short order is issued and if it breaks a resistance, a long order is issued.
आपको कुछ सबसे अनन्य, गेम बदलने वाले क्रिप्टोकुरेंसी सिग्नल, समाचार पत्र, पत्रिकाएं, ट्रेडिंग संकेतक, उपकरण और बहुत कुछ तक पहुंच प्रदान करना।