4th of March 2021 Identify, plan and trade: It's important w | Blueberry Markets

4th of March 2021

Identify, plan and trade:

It's important when looking for a trade to follow a strict plan.

IDENTIFY: We have identified USDCAD in line with our trend strategy.

PLAN: USDCAD daily timeframe looks to be creating a higher low at the previous structure support. If the price breaks the daily candle stick high, we could see another impulse move.

TRADE: We will place a BUY STOP order at the daily candle high with stops below the lows. If this trade does not trigger by the end of the trading day cancel the order.