EURCAD Low Risk Pair to Trade This Week

So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week.

The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily.

After spotting a consolidating pair, I then want to decide which side I should only enable with my EAs and Bots. In this example, since we are approaching support with little economic data on the agenda this week, I'm only interested in enabling the long side.

When I say enable the side long, I mean enable just the buy side with my EAs that trade in a grid technique, where it will trade micro lots and continue adding if the pair continues to trade against me. By trading micro lots relative to the account balance, I can afford not to use stop loses and look to add hundreds of positions if needed and I'll still be in a good position.

Hope that all makes sense.
That's it - That's all
Trade Safe