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29.11.202309:23 Forex Analysis & Reviews: Trading tips for USD/CAD

Exchange Rates 29.11.2023 analysis

The trading plan presented for USD/CAD earlier aimed at decreasing the price of the pair.

Exchange Rates 29.11.2023 analysis

The downward movement happened during the US session, in which the quote tested the level of 1.35425, leading to the closure of short positions.

Exchange Rates 29.11.2023 analysis

Congratulations to everyone who followed the strategy! The decline amounted to as much as 2,000 pips. Short positions may now be closed for profit.

The trading idea followed the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Andrey Shevchenko,
Analytical expert of InstaSpot
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