Forex Pro - Trapped Traders® Daily Analysis - Buying USD/CAD

Get Mark Chapman's Free Daily Trade Calls - Click here: http://mytotalsupport.com/cpv/base.ph... The trap we’re going to look at today is called a structure failure trap, which occurred in this area here. This trap happens when traders at the hard right edge would believe that this market was following through to the downside. However, as you can see, that didn’t happen as price breaks higher. At this moment, we’re betting on the fact that humans don’t like to lose and that they hold on to losing positions. Also, humans aren’t very disciplined as a rule, so people tend to cancel stop losses, take too much risk, and hold on to losers for too long. As price pulls back, this looks like a pretty decent trade to go long. However, make sure that oil is selling off before you take this trade. This is a four-hour chart of the USDCAD.    • Forex Pro - Trapped Traders® Daily Analysi...