USDCAD Weekly Analysis

USDCAD is now in downtrend from 1.2997. Another fall towards the bottom of the price channel on the daily chart is possible over the next several weeks. Resistance is at 1.2997, only a breakout of this level could trigger another rise towards 1.3250.  

Read More

Stop Loss

What is a Mental Stop Loss? Mental stop loss is that stop that you are supposed to have in place, but you usually don’t. Mental stop loss is one of the biggest detriments to successful trading. This is also the level that you are bound psychologically to get out of a losing trade. Example: Let’s imagine you place a…

Read More