Description :
Looking at the H4 chart, my overall bias for USCAD is bullish due to the current price heading towards the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.33429, where the overlap support and 50% Fibonacci line is. Stop loss will be at 1.32993, where the recent swing low is. Take profit will be at 1.34362, where the overlap resistance and 61.8% Fibonacci line is.
Trading Recommendation
Entry: 1.33429
Reason for Entry: Overlap resistance and 38.2% Fibonacci line
Take Profit: 1.34362
Reason for Take Profit:
Overlap resistance and 61.8% Fibonacci line
Stop Loss: 1.32993
Reason for Stop Loss:
Recent swing low
