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21.02.2023 12:29 PM
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
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