An area of interest is seen from the 4H to the daily timeframe. This is the area where retail traders were already taking their short positions with stop losses just above, and a lot of pending buy stops on the same level. What then happens in this area is that the market pushes above that level to hit stop losses and trigger buy stop orders and immediatetly...
Position Description: USDCAD Short Position Position Title: Forex Trader Position Type: Short Position (Sell) Currency Pair: USD/CAD (United States Dollar/Canadian Dollar) Trading Strategy: Counter-trend Trading
Position Type: Long Position (Buy) Currency Pair: XAU/USD (Gold/United States Dollar) Trading Strategy: Trend Following
Position Type: Short Position (Sell) Currency Pair: EUR/USD (Euro/United States Dollar) Trading Strategy: Technical Analysis - Trend Following and Chart Patterns