USDCAD, BULLISH!!
We can see on four hour timeframe that the market is contineously pushing to the upside making higher highs. The most recent support/demand area is 1.26 area where the market will most likely make a new Higher Low unless it breaks the uptrend structure. My bias is bullish at this pair until it breaks it's previous higher low which is located at 1.245 area. My take profit will be below the recent higher high and break above that market will push higher. Before entering watch out for price action that will indicate you to buy this pair.
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.