"USD/CAD: Uptrend Resilience After Consolidation - Strategic Lon

### *"USD/CAD: Uptrend Resilience After Consolidation - Strategic Long Position Planning"*

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#### 🔍 **Trend Analysis and Current Situation**

From the USD/CAD daily chart, we observe the following:

1. **Main Trend (Trend Analysis):**
- The price is currently trading above the **BB 104 0.1 (Upper)** at approximately **1.4210**, indicating a clear **Uptrend**.
- **SMA 104** shows a steep upward slope, confirming the long-term bullish momentum.

2. **Key Support Levels:**
- The first support level is at **Lower Band 1 (LB1)** of **BB 20 1** around **1.4301**.
- The second support level is the **BB 104 0.1 (Lower)** at approximately **1.4167**.

3. **Key Resistance Levels:**
- The first resistance level is at **Upper Band 1 (UB1)** of **BB 20 1** around **1.4380**.
- The next resistance is the previous high at **1.4500**.

4. **Price Behavior (Price Action):**
- After a strong rally, the price is currently consolidating but maintaining key support levels.
- There are signs of buying pressure returning, though resistance in the upper zone remains significant.

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#### 📝 **Trading Plan**

1. **Long Entry Point:**
- Enter a Long position when the price holds firmly above **LB1 (1.4301)** with clear buying momentum.
- Use **Position Sizing of 2/3 (66.67%)** since the primary trend remains bullish.

2. **Scaling In:**
- If the price retraces to the **BB 104 0.1 (Lower)** at **1.4167** and holds steady, consider adding **1/3 (33.33%)** to the position.

3. **Stop Loss:**
- Place the Stop Loss at **BB 104 0.1 (Lower)** at **1.4167** if the price closes significantly below this level.

4. **Take Profit:**
- First target at the **UB1 (1.4380)** resistance.
- Next target at the previous high around **1.4500**.

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#### 💡 **Risk Management Strategy**
- Focus on **Long positions** as the primary trend is upward.
- Be cautious of potential volatility during consolidation phases.
- Adjust **Position Sizing** according to the main trend to minimize risk from short-term pullbacks.

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#### ✨ **Conclusion**
USD/CAD remains in an uptrend despite recent consolidation. Planning a well-structured Long position at strategic support levels with sound risk management can capitalize on the bullish momentum while maintaining strong downside protection.

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