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USDCAD / H4 / Daily Forex Technical Analysis / 4.10.2019

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Dollar A.S. / Dollar Kanada (OANDA:USDCAD)  
FuturesForexClasses  
OANDA:USDCAD   Dollar A.S. / Dollar Kanada
Trend Analysis Chart Patterns Technical Indicators dailyanalysis h4 USDCAD forexsignals forextrading forexanalysis april2019 forexlong Technical Analysis
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trendanalysis chartpattern indicator dailyanalysis h4 usdcad forexsignals forextrading forexanalysis april2019 forexlong technicalanalysis
Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 10th, 2019 and we will be taking a look at the U.S.Dollar against the Canadian Dollar. Looking at the 4 hour time frame we can see consecutive lows throughout the current area of support near the 1.32951 levels. We can see price action have a beautiful bullish rejection of the 1.32951 support area. With that bullish bounce it may be possible to get a minor retrace closer to that area of support setting us up for what can be a trade within optimal conditions to be profitable. With an entry Long near the 1.33091 area, with a stop loss set near the 1.32803 area below the low of the bullish reversal. Targeting the 1.33668 profit level may ensure a profitable 2 to 1 R/R. We are so grateful to have you as an audience, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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