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Fxbitoven Assignment: Chart One: Usdcad Monthly TF: Name of Student: James

The document analyzes charts of the USDCAD currency pair across multiple timeframes. It finds the monthly, weekly, and daily timeframes exhibit a downtrend. The 4-hour chart shows an initial ranging period followed by a breakdown and downtrend. Key evidence for the downtrend includes bearish order blocks that pushed price lower, establishing lower highs and lows on the weekly and daily timeframes from May until now.

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Edison S
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99 views5 pages

Fxbitoven Assignment: Chart One: Usdcad Monthly TF: Name of Student: James

The document analyzes charts of the USDCAD currency pair across multiple timeframes. It finds the monthly, weekly, and daily timeframes exhibit a downtrend. The 4-hour chart shows an initial ranging period followed by a breakdown and downtrend. Key evidence for the downtrend includes bearish order blocks that pushed price lower, establishing lower highs and lows on the weekly and daily timeframes from May until now.

Uploaded by

Edison S
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

NAME OF STUDENT: JAMES

FXBITOVEN ASSIGNMENT:

CHART ONE: USDCAD MONTHLY TF

THE MONTHLY TF BIAS FROM MAY UP TO NOW IS DOWN TREND.

THE BEARISH ORDER BLOCK AS SHOWN IN THE ABOVE CHART PUSHES PRICE DOWN AND IS MY
EVIDENCE THAT THE MARKET IS TRENDING DOWNWARD.
CHART TWO

USDCAD WEEKLY TF

THE WEEKLY TIMEFRAME IS ALSO BEARISH AND I ALSO MARKED TWO WEEKLY ORDER BLOCK THAT
PUSHES PRICE DOWN MAKING A LOWER LOWS AND LOWER HIGHS.
USDCAD DAILY TF

Descriptions/Analysis

Green: Liquidity voids

Horizontal lines: BMS/SMS

Black Rectangle: Ranging market

White Rectangle : Bearish Order Blocks


USDCAD 4H TF

4H TF, First screenshot

4H TF, Second Screenshot


4H TF, Third screenshot

4H shows a ranging market as shown in the first and second screenshot.

After the breakout, there has been a downtrend market.

Horizontal lines shows BMS.

GREEN shows liquidity void

And the rectangles are the 4H OB.

FROM THE TOPDOWN ANALYSIS, THE MARKET HAS BEEN A DOWN TREND.

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