Technical analysis and probabilistic thinkingHello traders,
Consider these points and your trading will eventually evolve. Don't take it as granted that you can think in probability. Practice every day that it would become common sense.
Thinking in probability is like thinking in 3D or as popular saying goes 'outside the box'.
Good luck. Probably :)
Probabiliy
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily.
I'm basing this trade based off of that momentum and on a simple trend-contination setup.
As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit