Update Signals
The signals Thursday losses may have occurred in an operation along following the doji at the level 1.4000.
Signs USD / CAD
Risk of 0.75% per transaction.
Operations should be placed before 5pm New York time.
Long operation
Among long following an upward price reversal in the framework H1 next touch of 1.3912.
Place the stop loss 1 pip below the minimum local twist.
Move the stop loss to breakeven once the operation is within 20 pips of profit.
Remove 50% of the position as a benefit once the operation is in the 20 pips profit and run the rest.
Short operation
Among short following a bearish price action in the framework H1 next touch of 1.4128.
Place the stop loss 1 pip above the maximum local twist.
Move the stop loss to breakeven once the operation is within 20 pips of profit.
Remove 50% of the position as a benefit once the operation is in the 20 pips profit and run the rest.
USD / CAD Technical Analysis For Today
The downward trend has continued, breaking down in recent levels that could have produced some support. However, the price has remained around 1.3950 for a while, so it could be that we are finally finding a bottom, but I’m not completely sure that the price will not go lower. I look for a long trade below at around 1.3912, and one short 1.4129, still looks attractive. Unless there is a long entry of very low risk, it might make sense to wait for a bullish movement and an important new minimum before going over open, because it still seems to be under a lot of pressure down.
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