I have published multiple articles on this blog to find you locate the Price action patterns which helps us in decision making and those areas could be consolidation,swing high or low, broken support or resistance rallies, drops and it helps us in locating true set of orders and levels that helps us in building strategies.Forex price action is really about finding levels or areas of concerns which help us find true set or clean orders and that is where all the trading strategies should be built to help us locating those levels.
Without complete knowledge of price action and clean set of orders, traders can not bring technical analysis knowledge to find out location to manage the risk and If they are not aware of the source or origin of the move, there is no way one can find no risk or low risk opportunities to ride the complete swing. Traders applied candlesticks patterns at support resistance, swings or important levels specially fake pin bars, engulfing patterns and look out to find the true trend.
Time to add more longs to usd/cad existing entry
I have decided to one more long to usd/cad around 1.2980 area and earlier entry was taken around 1.2890 and both the stops are now placed around 1.2940 fro free ride to test 1.3090 and 1.3175, but it all depends on how price unfolds and how price retests the area around 1.3090.
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