USDCAD H1 | Bullish Bounce off
Based on the H1 chart, price is falling toward the buy entry at 1.44197, which aligns with the 38.2% Fibonacci retracement and for a bullish bounce off the key support level at. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 1.44777, targeting a swing high resistance level, marking a logical exit point for the trade.
The stop loss is set at 1.43675, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias.
Our take profit is set at 1.44777, targeting a swing high resistance level, marking a logical exit point for the trade.
The stop loss is set at 1.43675, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias.
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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.