USDCAD (1H) — Breakout Retest Buy | Strong USD vs Weak CAD

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USDCAD (1H) — Breakout Retest Buy | Strong USD vs Weak CADU.S. Dollar / Canadian DollarFOREXCOM:USDCADAK47SHBulls Points 1. Currency strength filter: DXY H4 bullish + CXY H4 bearish → strong USD vs weak CAD. (+1 Bull) 2. 1H structure: HH/HL / markup phase visible. (+1 Bull) 3. Breakout confirmed: price trading above key horizontal resistance zone. (+1 Bull) 4. MA/Alligator alignment: lines stacked upward and price above (trend support). (+1 Bull) 5. Clear trade location exists: breakout level offers a clean retest entry zone. (+1 Bull) Bull Score = 5 Bear Points 1. RSI overbought: increases probability of pullback before continuation. (+1 Bear) 2. Price extended from averages: mean reversion risk short-term. (+1 Bear) Bear Score = 2 ⸻ ✅ Bias Decision Bias = Bullish (5 vs 2) ———— DXY is bullish on H4 while CXY is bearish → macro tailwind favors USDCAD longs. On 1H, price has broken above the key pivot (~1.3828–1.3840). ✅ Plan: Buy the on the retest of 1.3830–1.3840 after bullish confirmation (engulfing/pinbar) or enter at current levels. 🛑 SL: ~1.3815 🎯 TP: ~1.39437 Educational only. Not financial advice.