USDCAD Buy Setup

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USDCAD Buy SetupUS Dollar vs. Canadian DollarFX:USDCADanumurooj2020Market Overview The USDCAD pair on the 1-hour (1H) timeframe is exhibiting a textbook bullish market structure. The market has been consistently printing a sequence of Higher Highs (HH) and Higher Lows (HL). After peaking at the most recent swing high, the price is currently undergoing a healthy corrective retracement back into a major structural demand zone. Entry Price: 1.39579 (Current support retest level) Take Profit (TP): 1.40198 (Targeting a retest and extension past the previous structure high) Stop Loss (SL): 1.38981 (Placed precisely at the previous structural Higher Low to maintain a valid trend thesis)