USD/CAD) Bullish trend analysis Read The caption

323
SMC Trading point update



Technical analysis of USD/CAD in the 4H timeframe. Here’s the behind the analysis:


---

Key Technical Points:

1. FVG (Fair Value Gap):

The yellow box around 1.3820–1.3830 is a fair value gap where price is expected to retrace before continuing upward.

Acts as a short-term demand zone.



2. MSS (Market Structure Shift):

The chart marks a bullish MSS, meaning structure has flipped from bearish to bullish.

Confirms upside continuation bias.



3. EMA 200 (Dynamic Support):

EMA 200 sits around 1.3797, below current price.

Reinforces the bullish bias as long as price stays above it.



4. Target Point:

Upside target is 1.3925, which aligns with previous highs / liquidity zone.

Chart suggests accumulation → retrace → bullish expansion into that level.





---

Trade Idea Summary:

Bias: Bullish

Scenario:

1. Price may retrace into the FVG zone (1.3820–1.3830).


2. Find support there and bounce.


3. Continue higher toward 1.3925 target point.



Entry Idea: Buy near the FVG demand zone (with bullish confirmation).

Target: 1.3925

Stop-Loss: Below the EMA / FVG (~1.3790).


Mr SMC Trading point
---

Conclusion:

This setup favors buying dips into the FVG zone as long as price respects the EMA 200. The target is 1.3925, making this a bullish continuation play after the recent market structure shift.


---
Please support boost 🚀 this analysis

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.