USD/CAD currency pair on the 4-hour timeframe with a bullish setup. Here's a breakout of key elements:
Analysis:
Entry Point: Around 1.43100 (breakout of the trendline).
Targets:
Target 1: ~1.43827
Target 2: ~1.4500
Final Target: ~1.4700
Stop Loss: Below 1.4236 (marked in red).
Support Levels:
1.4183 (key support)
1.4236 (another major support level)
Resistance Levels:
1.4382
1.4500
Trade Idea:
A breakout above the trendline signals a bullish move.
Entry confirmation could come from retests or bullish candlestick formations.
Ensure risk management with a proper stop-loss placement.
Would you like me to refine this based on any specific indicator or confirmation strategy?
Analysis:
Entry Point: Around 1.43100 (breakout of the trendline).
Targets:
Target 1: ~1.43827
Target 2: ~1.4500
Final Target: ~1.4700
Stop Loss: Below 1.4236 (marked in red).
Support Levels:
1.4183 (key support)
1.4236 (another major support level)
Resistance Levels:
1.4382
1.4500
Trade Idea:
A breakout above the trendline signals a bullish move.
Entry confirmation could come from retests or bullish candlestick formations.
Ensure risk management with a proper stop-loss placement.
Would you like me to refine this based on any specific indicator or confirmation strategy?
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.