USD/CAD Forex Signal - 19 April 2018

USD/CAD Signals:

  • Risk 0.75% per trade.

  • Trades may only be taken between 8am and until 5pm London time today.

Short Trade

  • Go short following a strong bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2575.

  • Place the stop loss 1 pip above the local swing high.

  • Move the stop loss to break even once the trade is 30 pips in profit.

  • Remove 50% of the position as profit when the trade is 30 pips in profit and leave the remainder of the position to ride.

Long Trade

  • Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.2665 or 1.2695

  • Place the stop loss 1 pip below the local swing low.

  • Move the stop loss to break even once the trade is 25 pips in profit.

  • Remove 50% of the position as profit when the trade is 25 pips in profit and leave the remainder of the position to ride.

DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.