USDCAD - 4H Chart Analysis
📊 USDCAD - 4H Chart Analysis
🔹 Current Price: 1.43367
🔹 Key Resistance Levels:
1.43793 (First upside target)
1.45251 (Major resistance zone)
🔹 Key Support Zones:
1.42873 (Highlighted demand zone)
📈 Bullish Outlook:
✅ Price is approaching a strong demand zone at 1.42873, which aligns with a fair value gap (FVG).
✅ Possible bounce from this level towards 1.43793 before continuation to 1.45251.
✅ Fibonacci retracement levels suggest resistance near 1.4438 - 1.4474.
📉 Bearish Risk:
🔻 If price breaks below 1.42873, further downside towards 1.4100 is possible.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmation at 1.42873.
🎯 Take Profit:
First TP: 1.43793
Final TP: 1.45251
🎯 Stop Loss: Below 1.4280.
#USDCAD #ForexTrading #SmartMoney #Liquidity #TechnicalAnalysis #FVG 🚀
🔹 Current Price: 1.43367
🔹 Key Resistance Levels:
1.43793 (First upside target)
1.45251 (Major resistance zone)
🔹 Key Support Zones:
1.42873 (Highlighted demand zone)
📈 Bullish Outlook:
✅ Price is approaching a strong demand zone at 1.42873, which aligns with a fair value gap (FVG).
✅ Possible bounce from this level towards 1.43793 before continuation to 1.45251.
✅ Fibonacci retracement levels suggest resistance near 1.4438 - 1.4474.
📉 Bearish Risk:
🔻 If price breaks below 1.42873, further downside towards 1.4100 is possible.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmation at 1.42873.
🎯 Take Profit:
First TP: 1.43793
Final TP: 1.45251
🎯 Stop Loss: Below 1.4280.
#USDCAD #ForexTrading #SmartMoney #Liquidity #TechnicalAnalysis #FVG 🚀
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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.
fxforever
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.