USDCAD (Education)

Whats up traders -

Educational post - heard some chatter in the chat rooms about this trade

This was likely a bull trap IMO -

• Trade (NAFTA) talks have put this currency pair on every novice traders radar
  Long Running Bull Move
  Consolidated Rectangular Patter
  Breakout Above Rectangular Pattern
  Longs then take their positions
  Massive Price Dump
  

Risk Protection - Stop Loss Protection - So important in this business. Let this be an example..

הערה:

two solid bounces off of the new bull support line since this post is a solid sign of some good uptrend coming on this pair, IMO