Dear Traders,

Our Daily Price Action signal is coming from the USD/CAD currency pair. It is a more complicated setup than usual, but again is taking into consideration known factors. In the last four days, the price kept rejecting the 1.2000 level and the lack of sellers might mean one thing- more bullish momentum would follow. With the right trading discipline and the right trading ideas, such trades can become really lucrative. In this case, the buy trigger is at 1.1249 and the stop should be placed under 1.1175.

It is important to realize that in order to become a successful trader, you need to be able to stick to e predetermined plan (as have been discussed in the previous post). As is the case with this trade- I was expecting to have a confirmation and now when I have it, I am ready to execute my trades.

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