Short-term trading forecasts for currency pairs: EUR / USD and USD / CAD



At the end of last week, the Imbalance trading strategy started signaling overbought EUR / USD and oversold USD / CAD, so now it is better to consider counter-trend setups. This means that you can start buying the US dollar for the national currencies of the European Union and Canada.

How much can you earn?

If the elimination of the imbalance is not delayed, then the potential profit will be about a hundred points. In an unfavorable combination of circumstances, as a rule, the price returns to the point of entry into the market, so the transaction can be closed in a used one.

Trade parameters.

EUR / USD.

  • sell – at the current price;
  • take profit 1 – 1.1890;
  • take profit 2 – 1.1850.

USD / CAD.

  • buy – at the current price;
  • take profit 1 – 1.3022;
  • take profit 2 – 1.3089.

I would like to draw your attention to the fact that when trading using this strategy, I do not place stops, because I am gradually gaining position and do not use a lot of leverage. Therefore, the “power reserve” exceeds 1000 points (4-digit).

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At the end of last week, the Imbalance trading strategy started signaling overbought EUR / USD and oversold USD / CAD, so now it is better to consider counter-trend setups. This means that you can start buying the US dollar for the national currencies of the European Union and Canada.

How much can you earn?

If the elimination of the imbalance is not delayed, then the potential profit will be about a hundred points. In an unfavorable combination of circumstances, as a rule, the price returns to the point of entry into the market, so the transaction can be closed in a used one.

Trade parameters.

EUR / USD.

  • sell – at the current price;
  • take profit 1 – 1.1890;
  • take profit 2 – 1.1850.

USD / CAD.

  • buy – at the current price;
  • take profit 1 – 1.3022;
  • take profit 2 – 1.3089.

I would like to draw your attention to the fact that when trading using this strategy, I do not place stops, because I am gradually gaining position and do not use a lot of leverage. Therefore, the “power reserve” exceeds 1000 points (4-digit).

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At the end of last week, the Imbalance trading strategy started signaling overbought EUR / USD and oversold USD / CAD, so now it is better to consider counter-trend setups. This means that you can start buying the US dollar for the national currencies of the European Union and Canada.

How much can you earn?

If the elimination of the imbalance is not delayed, then the potential profit will be about a hundred points. In an unfavorable combination of circumstances, as a rule, the price returns to the point of entry into the market, so the transaction can be closed in a used one.

Trade parameters.

EUR / USD.

  • sell – at the current price;
  • take profit 1 – 1.1890;
  • take profit 2 – 1.1850.

USD / CAD.

  • buy – at the current price;
  • take profit 1 – 1.3022;
  • take profit 2 – 1.3089.

I would like to draw your attention to the fact that when trading using this strategy, I do not place stops, because I am gradually gaining position and do not use a lot of leverage. Therefore, the “power reserve” exceeds 1000 points (4-digit).




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