Trapped Traders® Undercover Trading System - Mark Chapman

September 20, 2016

    Hello traders, Mark Chapman here. I’m the creator of the trademarked Trapped Traders Concept. Welcome to today’s Trapped Traders Trade of the Day Analysis. Today’s date is September 20, 2016.

    The trap we’re going to look at today is what I refer to as a structure failure trap and a trap break pullback, which is occurring in real time now in this area here. Traders at the hard right edge have been playing off this historical level of resistance, which has also been support on several occasions. And as you can see, people did indeed go short in here with this engulfing candle, but rather than prices follow through, all that supplies has been eaten up and price is now breaking up beyond that point, trapping those traders short.

    So, if this pulls back, this looks like a pretty good place to get long, but do bear in mind that tomorrow is the Fed decision on interest rates. However, NZDUSD is strong across the board this morning. Just make sure you’re nimble and you get out of this trade pretty quick or you can at least get it to break even and potentially hold it through the news.

If  you’d like to join me in my Trade Room today to get analysis on all the pairs I’m trading and all the traps I’m considering, I’d love to see you there. Just click the button below to join me for today’s live Trade Room. Have a great day, and I’ll see you there.

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