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USDCAD4-hourBullish

USDCAD 4-hour (SMC): buy from the 1.4048–1.4090 bullish FVG

FXFibo editorial · · 1 min read
Summary

A bullish 4-hour CHoCH at 1.3981 was followed by strong displacement to 1.4138. A pullback into the bullish FVGs offers an entry in line with the daily trend.

BiasBullishEntry zone1.4075Stop loss1.4030Target 11.4121Target 21.4170StatusActive
Invalidation: 4-hour close below 1.4040
USDCAD 4-hour (SMC): buy from the 1.4048–1.4090 bullish FVG

Main scenario

  • Structure: bullish CHoCH at 1.3981 and a high at 1.4138
  • Buy zone: bullish FVGs at 1.4048–1.4090
  • Targets: 1.4121 and 1.4170

Alternative scenario

Losing 1.4040 deepens the correction toward 1.4024 and 1.3981.

Key levels

  • Resistance: 1.4121, 1.4138, 1.4170
  • Support: 1.4082, 1.4050, 1.4024

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.