FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Hello traders. The USD/CAD pair has spent the whole day in a 180-point range, and I wasn't expecting any movements today. However, a sell-off started from the level of 1.40205, and now we are testing the level of 1.39886. I expect a continuation of the decline to the quotes of 1.39471, where I will fully close the upper position and part of the lower one. I will exit positions completely at the level of 1.38868 if the last medium-term bullish movement is broken. The sentiment of traders' open positions on Wednesday evening is 48 to 52, which is almost parity and does not interfere with the execution of our trading plan. Tomorrow we are expecting significant news, especially at 16:30 Moscow time, with data on the Consumer Price Index and Unemployment. All thoughts and calculations are on the screenshot.