D1 price is located to be above yearly Central Pivot at 1.3157 for the primary bullish market condition: The price is on ranging within Central PP at 1.3157 and R1 Pivot at 1.4670;Ascending triangle pattern was formed by the price to be crossed to above for the bullish trend to be continuing;"The USD/CAD is attempting to breakout to a higher high this morning, potentially ending the range bound conditions that have been developing for the last five trading periods. Today’s ...
Talking Points Pivots Can Identify Changes in Trading ConditionsStops Should Be Used When a Trade Idea is InvalidatedTraders Should Look for a 1:2 Risk/Reward Ratio or Better Managing risk is a concept all traders need to come to grips with when creating an active trading plan. This is especially important when trading a scalping or day trading based strategy. Market conditions can change rapidly, and when the market is moving against you, it is better to already ...
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