Normal
Pausing patterns during strong trends are often followed by explosive moves in the direction of the trend.By placing an entry order just outside the pausing pattern, you give yourself the opportunity of getting a timely entry if the trend resumes.The breakouts from these patterns will sometimes put your trade hundreds of points in profit in just the first day or two.After breaking out above this three day pausing pattern, the USDCAD ran up more than 450 points in the next eight trading days.
Pausing patterns during strong trends are often followed by explosive moves in the direction of the trend.
By placing an entry order just outside the pausing pattern, you give yourself the opportunity of getting a timely entry if the trend resumes.
The breakouts from these patterns will sometimes put your trade hundreds of points in profit in just the first day or two.
After breaking out above this three day pausing pattern, the USDCAD ran up more than 450 points in the next eight trading days.
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