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Practical Example 03 GBPCAD ref 0002
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What this lesson covers
The third practical example covers the pound against the Canadian dollar, reference 0002, taken from the weekly chart and presented from TradingView. It is another classic form of the setup, which makes it a good reference case. Daniel works through the structure that produced the signal, the rules applied to it and the analysis that followed, at a deliberate pace. He also notes that the chart is annotated in Spanish, which is useful for the Spanish speaking members of the group and makes no difference to the reading. As with the other examples in this module, the value is in following the sequence of the analysis rather than in the outcome, since the sequence is what you repeat on your own charts.