Description :
Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku Cloud. Looking for a pullback buy entry at 1.35129 where the overlap resistance is. We are looking to take profit at 1.37042 where the 61.8% Fibonacci line is, Stop loss will be placed at 1.34466, where the recent swing low is.
Trading Recommendation
Entry: 1.35129
Reason for Entry:Overlap resistance
Take Profit: 1.37042
Reason for Take Profit:
61.8% Fibonacci line
Stop Loss: 1.34466,
Reason for Stop Loss:
the recent swing low
