📉📈 USDCAD 4H – Compression at Resistance | Breakout or Rejection?
Price is consolidating near a major supply zone inside a wedge structure.
We're at a key decision point: a clean breakout above 1.3750 = bullish continuation; a rejection and break of minor trendline support = bearish drop back to demand.
🧠 TCB Strategy in play: waiting for breakout confirmation or reversal candle.
Long above 1.3750 → Target 1.3840
Short below 1.3660 → Target 1.3560
🎯 High RRR in both directions.
Price is consolidating near a major supply zone inside a wedge structure.
We're at a key decision point: a clean breakout above 1.3750 = bullish continuation; a rejection and break of minor trendline support = bearish drop back to demand.
🧠 TCB Strategy in play: waiting for breakout confirmation or reversal candle.
Long above 1.3750 → Target 1.3840
Short below 1.3660 → Target 1.3560
🎯 High RRR in both directions.
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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.