USDCAD: Bullish Trend Continuation — Range Breakout Targets 1.38USD/CADOANDA:USDCADforexobroker📈 USDCAD is positioned to extend higher after a confirmed breakout of a consolidation range on the 4H time frame. The structure Price built a strong bullish wave into the 1.38 area, then paused and compressed into a tight sideways range between 1.3796 and 1.3822. That kind of contraction after an impulse is classic trend behaviour — the market catching its breath before continuation, not reversing. Buyers defended the lows of the range every time it was tested, while sellers failed to push price out the bottom. The breakout That balance has now broken. Price pushed cleanly through the 1.3822 range high with a strong expansion candle — the move out of the coil that signals demand has taken over again. The old range ceiling now flips into support, giving bulls a clear line in the sand to lean on. The plan ✅ Bias: Long while price holds above the broken range top (~1.3822). 🎯 Target: 1.385 — the measured move, taking the height of the range and projecting it from the breakout point. 🔄 Best entry: A pullback and retest of the 1.3822 zone offers a cleaner, lower-risk entry than chasing the breakout candle. Let price come back, confirm support holds, then engage. ❌ Invalidation: A 4H candle close back inside the range, below 1.3796, would signal a failed breakout (fakeout) and cancel the bullish idea. The logic As long as USDCAD respects the broken range as support, the path of least resistance is up toward 1.385. Momentum, structure, and the breakout all point the same direction — this is a continuation setup, riding the existing trend rather than fighting it. ————————— 4H time frame Are you buying the breakout here, or waiting for the retest? 👇 Educational analysis only — not financial advice. #USDCAD #forex