USDCAD 4H - Long

USDCAD 4H Long

What are we expecting?

- USD Strength - CAD weakness = USDCAD Long Trades.

What is our confirmation?

- On the DAILY TF we are clearly in a strong Bullish uptrend.
- So ONLY Buys Positions ONLY for this pair!
- We can also see a clear support level (blue structure) indicating that our buy set ups could be expected.

Where shall we enter?
- Watch for beak of trendline (WFB)
- ABC Correction may form Once risk trendline is broken.
- Risk entry on rejection of fib

Once entered where will our SL BE?

- SL will be below blue Structure levels for a safe SL

Targets?

- Targets: 1.38500 (275 Pips)