Usdcaddaily
Bullish positioning on CAD is slowly diminishingUSD still enjoys high carry 2.6% vs EUR over, making short USD positioning unattractive. No currency in the G10 FX space offers a higher yield than the dollar.
Market expectations earlier in the year that policymakers will not be able to fulfill their tightening ambitions turned to bets that the next move in interest rates will be down as the economic outlook deteriorated while the trade war saga dragged on.
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.31412 where it could potentially react off and up to 1st resistance at 1.31935.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD SHORT SIGNAL OPPORTUNITY. In the name of Allah, the Most Gracious, the Most Merciful.
USDCAD is on daily time frame which has (JOIN OUR VIP GROUP)
Sale Now: 1.32740
Use 1st Take profit: JOIN OUR VIP GROUP
Use 2nd Take profit: 1.30128
Stop loss: JOIN OUR VIP GROUP
There is (JOIN OUR VIP GROUP) Pips Risk and 256 pips Rewards.
USE 0.01 LOT ONLY.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.32755 where it could potentially react off and up to 1st resistance at 1.32978.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD CONSOLIDATING 2 POSSIBLE SCENARIOSHey traders,
Here on USDCAD we can see price is consolidating at this point. Price has rejected the orange trend line multiple times.
Buyers have struggled to push price above as seen by the 4 wicks representing sellers taking control. However sellers have not been able to push price further down.
With low liquidity the rest of the week due to American Thanksgiving, I don't think we will get a clear signal until next week.
If price can break the previous week's high bulls will be in control. However if price can break below the lower orange shaded area. Then my bias will turn bearish.