The GBP/CAD has been stuck in a 400 pip range for most of 2014.
This morning, the pair reached its 200 Day Simple Moving Average (Daily Chart) which also happens to be the range low for the pair as well.
On ranging pairs, one of my favorite strategies is to buy at support on bullish divergence with the CCI oscillator. When inspecting this pair closely on a 3 hr chart time frame, we have 2 instances of bullish divergence in that the price has created a lower low while the oscillator is creating a higher low.
This combination suggests price is running into support on slowing momentum which is what I want to see on a range pair.
This morning, the pair reached its 200 Day Simple Moving Average (Daily Chart) which also happens to be the range low for the pair as well.
On ranging pairs, one of my favorite strategies is to buy at support on bullish divergence with the CCI oscillator. When inspecting this pair closely on a 3 hr chart time frame, we have 2 instances of bullish divergence in that the price has created a lower low while the oscillator is creating a higher low.
This combination suggests price is running into support on slowing momentum which is what I want to see on a range pair.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.