USDA / CAD Forex signal

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USD / CAD update signal

Thursday signals have not been caused because there was no bearish price action at 1.3084.

USD / CAD signals today

Risking 0.75% per trade.

Operations should be taken before today 17:00 New York time only.

Lengthy operations

Long after the entry price bullish behavior in the H1 time frame following the next touch of 1.3072, 1.3019 or 1.2919.

Place the stop loss 1 point below the low local oscillation.

Adjust the stop loss to break even once the trade is 20 pips profit.

Remove 50% of the position as profit when trading is 20 pips profit and leave the rest of the riding position.

Short Trade in January

short entry after bearish price action on the H1 time frame following the next touch 1.3400.

Place the stop loss 1 point above the high local oscillation.

Adjust the stop loss to break even once the trade is 20 pips profit.

Remove 50% of the position as profit when trading is 20 pips profit and leave the rest of the riding position.

USD / CAD Analysis

This pair looks much more optimistic now. I’ve been saying for a while that if 1.3134 breaks then it will be a very bullish sign and now this has happened ago. No key resistance levels on the way the price to 1.3400.

The following table shows that we are in a fairly symmetrical bullish channel, which is quite rare for this pair, with plenty of support levels after being printed below.

The long-term trend remains uncertain, but above 1.3200 the price is making new highs 4 months, suggesting some blue sky upward effect is possible.

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