Everywhere I look, I keep seeing articles and posts that suggest and even outright predict trend reversals in USD/CAD and other currency pairs. Well, guess what? Today, we have a new 30-year low in USD/CAD and a new 15-year high in EUR/JPY. The lesson is clear - although it is a natural human tendency to try to pick tops and bottoms, it is ultimately a loser's game to fight against the trend. It seems simple enough, but show me a trend, and I'll guarantee you that somewhere, someone is betting on a reversal. Avoid this tendency and you'll be miles ahead of most traders. Daily chart of USD/CAD tells the story...
