USDCAD is showing a clean bullish continuation on both 1H & 4H, with price compressing below resistance and preparing for expansion.
📊 Market Structure:
• 4H trend → strong bullish (HH & HL intact)
• 1H forming higher lows → momentum building
• Liquidity resting above recent highs
• Rejection wicks show buyers still in control
🎯 Trade Plan:
Buy above 1.3975 (breakout confirmation)
Targets:
• TP1: 1.4027
• TP2: 1.4093
⚠️ Invalidation:
Break below 1.3915 → bullish structure compromised
Overall: High-probability trend-following setup with stacked targets. Momentum favors upside continuation once resistance breaks.
📊 Market Structure:
• 4H trend → strong bullish (HH & HL intact)
• 1H forming higher lows → momentum building
• Liquidity resting above recent highs
• Rejection wicks show buyers still in control
🎯 Trade Plan:
Buy above 1.3975 (breakout confirmation)
Targets:
• TP1: 1.4027
• TP2: 1.4093
⚠️ Invalidation:
Break below 1.3915 → bullish structure compromised
Overall: High-probability trend-following setup with stacked targets. Momentum favors upside continuation once resistance breaks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.