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 ,

Looking for a buy stop entry at 1.35373, to ride the bullish momentum. Stop loss will be 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.

Trading Recommendation

Entry: 1.35373

Reason for Entry: Buy stop to ride the bullish momentum

Take Profit: 1.36900

Reason for Take Profit:

key resistance level

Stop Loss: 1.34570

Reason for Stop Loss:

overlap support