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Title
USDCAD, H4 | Potential Bullish Rise to Previous swing high
Type
Bullish Rise
Preference:
Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above Ichimoku cloud. Looking for a pullback buy entry at 1.35142 where the 38.2% Fibonacci line is, and take profit at 1.37038 where the overlap resistance and 61.8% Fibonacci Line are.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.