DislikedI integrated the CAD pairs to my universe of currencies and started with a short on CADJPY on D1 signal even though the weekly trend is still strong. Every time I announce a trade on this thread, I end up losing, I hope this won't be yet another of those...Ignored
be careful when trading the corrections of strong trending pairs. this has killed many pivot traders account recently.
CAD remain strong bullish. It will not reverse so easily so better be careful when we see bearish setups in lower TF like D1 and H4. Corrections can be very short term and the trend will not reverse without some period of sideways ranging market condition.
Its a new month, so most buyers have taken their profits and many would have moved their stops closer to protect their trades. So if you believe in stop hunt, maybe this is true. But I believe their are many orders to be filled at both sides.
learn to use market volatility and read price action of the price bars/candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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