mendrinvest
Long

Some insight on a recent USDCAD long

FX:USDCAD   U.S. Dollar/Canadian Dollar
The chart shows a perfect example of retail traders being taken advantage of by banks and institutions. Traditional teaching is to enter short the H&S pattern on the open of the next candle after the breakout candle closes. The banks gladly took the other side of the thousands of traders who shorted the break of the neckline and reaped the benefits.

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