Hi traders,
Its quite a while since I have posted an example of "How to trade Mature trends", and recent I have manage to give you best example of the lost and that is Usd/cad. Time frame is hourly and trend is very strong and we have seen possible "accumulation",Prior to start of trend. Then we have seen strong Higher highs and then resumption of trend and we can't go short without and strong sell-off or any strong pattern.
Because of the fact whenever an opportunity arrives in strong trend to trade reversal then it comes quickly and gives you no time to enter and we need strong IQ level to spot and trade such reversals and we should not be confused and understand and read the situation pretty well.
As we have seen in the above chart that price has already looking for space to reverse and trade who trade breakouts look for pullback entries in such strong trend look to cover quickly after breakout of the low range. But price always give clues when it is about to reverse and that is what we need to spot. We don't need to complicate trading as we need to sort out few things to trade as I have used RSI to filter where we can that it was in the neutral area and declining and capped by a falling trendline but I only use RSI as filter and all the trade was based on Context which give us final clue when we see a strong bullish Engulfing at the top of the range and failure by couple of dozi candles after that Bullish Pattern.
