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USD/CAD Signal - USD Presidential Election - 4 Oct 2020

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Signal Details
Entry Price: 
1.3134
Take Profit: 
1.3220
Stop Loss: 
1.3065
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

USDCAD has sold into a major pivot level and bounced prior to the US Presidential election, which elects the next President and Vice President of the USA. Technically the pair is showing 1h RSI divergence and has bounced at a pivot point. We anticipate upside into 1.3220.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.