USDCAD - 4HUS Dollar vs. Canadian DollarFX:USDCADIntercatUSD/CAD Trade Idea (Technical Analysis) Timeframe: 4-Hour (4H) Current Market Structure: The USD/CAD pair has completed a strong impulsive bullish move and is now consolidating within a continuation pattern. Price is currently testing the bottom of the pattern — a significant support zone that has already shown multiple reactions from buyers. Key Levels: • Current Support (Pattern Low): 1.4170 – 1.4200 area • Key Resistance: Downward Trendline (Descending Trendline) connecting recent highs • Bullish Target (upon breakout): Pattern High ≈ 1.4350 – 1.4400 (approximately 140–200 pips upside potential) Primary Scenario (Bullish): If the price successfully breaks and closes above the descending trendline with a clear breakout candle and retests it as new support, a strong bullish continuation signal will be confirmed. In this case, the price is expected to rally toward the top of the pattern. Risk Management: • Stop Loss: Below the pattern low (e.g., under 1.4150) • Risk-Reward Ratio: Minimum 1:2.5 (very favorable)