Type: Sell
Entry: 1.3775 (below 1.3780 pivot)
Stop Loss (SL): 1.3810
Target A (TP1): 1.3730
Target B (TP2): 1.3700
🔎 Market Outlook
USD/CAD remains under pressure below the 1.3780 pivot, keeping short-term bias bearish. A clear break below 1.3730 would accelerate downside momentum toward 1.3700. On the upside, sustained strength above 1.3780 would negate the bearish view and open the way to 1.3810 → 1.3830. Momentum indicators show mixed signals, suggesting traders should stay cautious and monitor 1.3730 as the key trigger level.
📈 Trade Management Guide
-
At TP1 (1.3730) → Move SL to Entry (1.3775) for a risk-free trade.
-
At TP2 (1.3700) → Move SL to TP1 (1.3730) and close fully or let part of the position run.
-
If price breaks above 1.3780 → Shift bias to long positions with upside targets at 1.3810 → 1.3830.