Short term (Intraday)

1,1126. USDCAD currency pair is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Trend Indicator) is in a bullish configuration. The price should find a support above 1,1030 (96 pips). The uptrend should continue on 1,1300 resistance (174 pips).

We could take a long position at 1,1100. We will put the stop loss below 1,1030 (-70 pips). The targets are 1,1170 (+70 pips, risk/reward 1:1), 1,1300 (+200 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances 1,1150 – 1,1170
Supports 1,1100 – 1,1130

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