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19.01.2023 10:22 AM
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
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