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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
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