FX.co ★ USDCAD Potential Rise to Previous overlap resistance

Description :

Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku Cloud. Looking for a pullback buy entry at 1.35169 where the overlap support is. We are looking to take profit at 1.36902 where the overlap resistance, Stop loss will be placed at 1.34582, where the recent overlap swing low is.

Trading Recommendation

Entry: 1.35169

Reason for Entry:Overlap support

Take Profit: 1.36902

Reason for Take Profit:

overlap resistance

Stop Loss:1.34582

Reason for Stop Loss:

The recent overlap swing low