This setup formed simultaneously on few CAD crosses. I was hoping to see it on USD/CAD, but it did not. It was pretty close though. I chose this pair as it offers higher risk to reward ratio at current market conditions.
The idea is very simple. Rule #1 is to trade with higher time frame trend. I wait for price to form lower low and then suddenly reverse and go pass previous high or even few of them ( to have a sell setup ).This is what is being done by institutions to get the money of traders!…
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