Forex Signals


This is a USD CAD short trade where the price action has formed a V shaped reversal and where a modest stop loss is incorporated to lower the risk.

Price action on the pair has topped out at 1.4135 recently, which was largely based on the oil price falling in recent days. However, price action may now be more focussed on the US Dollar which has topped out also on the DXY index at around 100.00 and looks for downward resumption during the US session today.

Instant execution short at around 1.4100

Stop loss 1.4160

Profit target 1.3973


Standard lot: $600

Mini lot: $60

Micro lot $6

By Kevin O'Sullivan

I spent 20 years as an institutional currency broker, working at some of the best broking houses in the world and traded in Cash, Bonds, and Forward Rate Agreements.

In the early 1990's I moved into Spot FX and FX Forwards. I regularly closed deals of $25 million and sometimes up to $1 billion per ticket. Since then I act as an analyst, and commentator and have devised my own Forex educational course.

I also act as an advisor and educator for HNWI, financial institutions in the USA and want to make Forex trading available for new retail traders and seasoned professionals alike.

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