【11/4 Morning USD/CAD】Moves within the range of 1.39497〜1.40118 and ends Tuesday at 1.401 — Market structure and the latest target in LIGHTHOUSE
LIGHTHOUSE (Lighthouse)
Automatically present the chart's "readings" at a glance.
It is a discretionary trading auxiliary indicator that displays the direction of the higher timeframe and the current candle, updates of high/low, pullback and retracement zones directly on the chart.
1. Latest Chart: USD/CAD 1-hour chart (until the close of November 3)
First, view the current USD/CAD on the 1-hour chart with LIGHTHOUSE applied.
・In the upper left, the higher timeframe (daily) shows "strong buy" and the 1-hour timeframe shows "buy."
・Blue box (Range) containsHL・HH・LL marks appear, and on the top edge of the box alsoHH andBOS (higher high updates) are shown
・The price is at a position above this box. Inside the box is aPullback Zone, and at the top of the screen aSupport/Resistance Reversal Zone is displayed
Prices that tend to be watched (based on chart facts)
| 1.40118 | 3-day high (around 23:00). The close for that day is 1.40091 |
| 1.39497 | 3-day low (around 13:00) |
Other price ranges and the most recent targets are communicated in the buyer-focused message.
2. Past cases: LIGHTHOUSE signal scenarios
Essentially historical cases.They do not predict or guarantee future price movements. When you apply LIGHTHOUSE to the chart, we illustrate how the movements look after the signal in two scenarios.
Case ① October 20 (Tue) morning: 5-minute chart
At 4:00 on the 20th (server time), a sell signal appeared. From around 1.409, the price moved lower in a downward wave (red line), reaching around 1.4045 by 14:00 on the same day.
In the retracement peak,LH(lower high)LL(lower low) continued.
Case ② October 28 (Wed) night: 5-minute chart
At 21:35 on the 28th, a sell signal appeared. From around 1.402, by 4:00 on the 29th it had dropped to around 1.397.
In the retracement peak,LHappears,BOS occurs while the low keeps getting lower, as can be seen on the chart.
What LIGHTHOUSE can show
・Display the direction of the higher timeframe and the current candle in five levels at the top-left of the chart
・Auto-display marks for HH/HL/LH/LL and lines for BOS and CHoCH
・Display pullback/retracement zones, support/resistance reversal zones, and range boxes
・Peak/valley marks appear after confirmation and do not move or disappear later (no repaint)
・Definitions are shown at the bottom-left of the chart, so you can learn as you view
To those who purchase LIGHTHOUSE
Daily fine price levels and the most recent targets are delivered via buyer-only messages.
・This article introduces past price movements and does not predict or guarantee future price movements. Please make investment decisions at your own risk.
・Prices and dates are from BigBoss (demo account) MT4 charts (server time). They may vary slightly by broker.
・LIGHTHOUSE is an indicator intended to assist in market analysis and does not perform automated trading.