This example comes courtesy of some email Q&A, from a reader of theYTC Price Action Trader.
(Yes… the YTC Price Action Trader principles and strategy can be applied on longer timeframes than those I trade!)
Check out this really cool trap on usd/cad.
If you zoom out on dailies the situations is exactly the same as what I sent you about a week ago or so on usd/jpy…strong leg up and weaker pullback on higher tfs…then usd rallied up.
I was expecting same thing to happen on usd/cad and it did today..
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