FX.co ★ USDCAD Potential for Bullish Rise to recent swing high

Description :

Looking at the H4 chart, my overall bias for USDCAD is slightly bullish as there is a key support level, Looking for a buy entry at 1.33442 where below the overlap support. We are looking to take profit at 1.34509, which is the overlap recent swing high, Stop loss will be placed at 1.33130, where the overlap recent swing low.

Trading Recommendation

Entry: 1.33442

Reason for Entry:Key support level + descending trend line

Take Profit: 1.34509

Reason for Take Profit:

Overlap recent swing high

Stop Loss: 1.33130

Reason for Stop Loss:

Overlap recent swing low