Applying Market Structure Mapping On The USDCAD

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Applying Market Structure Mapping On The USDCAD US Dollar/Canadian DollarFX:USDCADTheInvestor_DiaryThis week I am finally moving from the theory of Market Structure to the application of Market Structure. I have been training myself for the past couple of weeks on the EURUSD, but today I was able to expand to different pairs including the USDCAD. Since I was able to find an opportunity there, I thought I would share how I applied the Market Structure mapping that led me to open a position. The Position was not a win. It was a loss that I have learned a lot from. First, it was not wrong analysis, it is just the scenario that the market chose was not the scenario that I build the position on. At the end the market is a game of probability, and I do believe that. Still, the way I opened the position was not as per my plan. I was hasty in that, but thankfully, that as well was not the reason for the loss. Meaning even if everything was implemented based on my playbook, it would have still been a losing position. I didn't have time to show the mistakes of opening the position in this video, but I did share the market structure mapping that I conducted, starting from the 6 Months Time Frame until the 15 minute time frame. As I said at the end of the video, I hope you found the video as useful to you as it was useful to me. Hope to see next week with another outlook or another position. As my plan (which I hope it will succeed) is to keep on mapping structure and find opportunities. The Investor