FX.co ★ USDCAD Potential for bullish rise to key resistance

Description :

Looking at the H4 chart, my overall bias for USDCAD is bullish with the current price being above the Ichimoku cloud, expecting the price to go down to retest at the overlap support at 1.34570 which is my buy entry. Take profit will be at 1.36900, where the key resistance level is. Stop loss will be at 1.33569, where the overlap support is.

Trading Recommendation

Entry: 1.19308

Reason for Entry: overlap support

Take Profit: 11.36900

Reason for Take Profit:

key resistance level

Stop Loss:1.33569

Reason for Stop Loss:

overlap support