1,0186. USD CAD broke 1,0140 resistance. USD CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The consolidation should continue. The price should find a resistance below 1,0230.
=> We could take a short position at 1,0230. We will put the stop loss above 1,0270 (-40 pips). The targets are 1,0130 (+100 pips) 1,0050 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.
1,0210 - 1,0230
1,0130 - 1,0050