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USD/CAD Intraday Signal: Bearish Bias Below 1.3860

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Trade Signal Description:
Strategy : FXNova
Symbols : USDCAD
Type : Sell
Enter : 1.3845
Stop Lost : 1.3890
Target A : 1.3810
Target B : 1.3785
Target C :
Risk : Medium
Description : USD/CAD remains under pressure below 1.3860, with potential for a drop toward 1.3810 and 1.3785 while resistance holds.

USD/CAD Intraday Signal: Bearish Bias Below 1.3860

Analyses:
USD/CAD is capped by the key resistance at 1.3860, which has paused the recent upward move. As long as this level holds, a downside correction is expected, targeting 1.3810 and 1.3785. A breakout above 1.3860 would shift the short-term momentum in favor of bulls, exposing 1.3890 and 1.3920.

Enter: 1.3845
SL: 1.3890
Target A: 1.3810
Target B: 1.3785

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Our signals typically include up to three Take Profit (TP) levels. Here’s how to manage them effectively:

  • Once the price approaches TP1, move your Stop Loss (SL) to the entry point to make the trade risk-free, and adjust your TP to the second target.
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It is essential to:

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