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.