FX.co ★ USDCAD Potential for Bullish Continuation

Description :

Looking at the H4 chart, my overall bias for USDCAD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market structure. Looking for a pullback buy entry at 1.34356, where the overlap support is. Stop loss will be at 1.33214, where the recent swing low is. Take profit will be at 1.36645, where the previous swing high is.

Trading Recommendation

Entry: 1.34356

Reason for Entry: Overlap support

Take Profit: 1.36645

Reason for Take Profit:

Where the previous swing high is.

Stop Loss: 1.33214

Reason for Stop Loss:

Recent swing low