USDCAD Potential for Bullish Continuation | 22nd August 2022On the H4, with the price above the ichimoku cloud and moving within the ascending trendline, we have a bullish bias that the price may rise from the buy entry at 1.30067, which is the 78.6% fibonacci projection to the take profit at 1.30508, which is in line with the previous swing highs and 100% fibonacci projection. Alternatively, the price may drop to the stop loss at 1.29415, where the 23.6% fibonacci retracement is.
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