DislikedHello all!
I'm new here (as you can see). Well, I have some experience trading forex with mechanical systems. But I am a price action virgin (pun intended?).
So anyway this is my first chart that I want to share. I see there is a pinbar on USD/CAD and the low is touching 2nd october's high. So If I put a sell stop order at the break, wouldn't it be trading in to the traffic (yes I read the thread for sometimes now :-).
So, what do you guys think? Would you take these types of PA?Ignored
the 2nd of october was a sunday so this tiny bar is called a sunday bar and some people just disregard these bars (me included) so IMHO (as i'm still new here) the usdcad is a good setup i'm keeping an eye on it waiting the price to break the 1.05 level.
Regards
Plan your Trade, Trade your Plan