The UsdCad did trigger stops and continue down below 1.0060. The position is up 40 pips. Traders continue to add to long positions as price makes new lows.
RPM has hit 2.1 as there are 2.1 buyers for every 1 seller. New buyers likely placed stops below 1.0000. A break of that level should trigger additional downside movement as stops are taken out.
To view live RPM charts click here (http://rpmfx.blogspot.com/2010/03/advanced-live-charts.html).
To learn more about the RPM indicator and how to use it in your trading click here (http://rpmfx.blogspot.com/search/label/Education).
http://i260.photobucket.com/albums/i...FD32/image.png
RPM has hit 2.1 as there are 2.1 buyers for every 1 seller. New buyers likely placed stops below 1.0000. A break of that level should trigger additional downside movement as stops are taken out.
To view live RPM charts click here (http://rpmfx.blogspot.com/2010/03/advanced-live-charts.html).
To learn more about the RPM indicator and how to use it in your trading click here (http://rpmfx.blogspot.com/search/label/Education).
http://i260.photobucket.com/albums/i...FD32/image.png