FX.co ★ crystal66 | USD/CAD

#USD/CAD (US Dollar / Canadian Dollar). Technical analysis on the instrument on the H1 timeframe shows a good opportunity to enter a profitable trade with a high probability of successful forecast execution. The algorithm for selecting the optimal entry point into a position consists of several steps. First of all, we determine the direction of the current trend on the higher timeframe H4 to avoid going against the market movement. We open the chart of our instrument with a 4-hour timeframe and make sure that the trend movements on the H1 and H4 timeframes coincide. We ensure that today the market provides us with an excellent opportunity for buying trades. Next, we rely on the indicators of three indicators - HamaSystem, RSI Trend, and Magnetic_Levels_Color.

We wait for the moment when the signals of the Hama and RSI Trend indicators change color to blue and green, respectively, which is evidence that buyers have an advantage over sellers. When these conditions are met, we enter a buy trade. Exiting the market is done in accordance with the magnetic levels indicator. Today, the most probable levels for executing the forecast are - 1.37558. Then we will carefully monitor the situation on the chart, how the price behaves near each magnetic level, and make a decision whether to continue holding the position in the market until the next magnetic level is reached, or to lock in the profit already gained.