In what has been a gruelling sideways chop, the price is finally making a more of a decisive move to the upside against a bullish backdrop on the longer-term time frames. At the time of writing, USD/CAD is trading at the highest level since September 11th and testing the 1.32 area with a high of 1.3206. The following offers a bullish bias and offers yet another opportunity to take advantage of a bullish environment on the 4Hr time frame to catch what is expected to be a bullish wave and completion of a bullish reverse head and shoulders. Starting with the prior 4Hr analysis from an earlier article, that can be read here USD/CAD continues to tread dynamic trendline support, bulls eye 1.33 area, the bulls have bust out from the resistance: A buy limit order can now be placed at 1.3181 support structure with a stop at 1.3142. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Aussie jobs data beats all round sends AUD/USD 0.3% higher FX Street 2 years In what has been a gruelling sideways chop, the price is finally making a more of a decisive move to the upside against a bullish backdrop on the longer-term time frames. At the time of writing, USD/CAD is trading at the highest level since September 11th and testing the 1.32 area with a high of 1.3206. The following offers a bullish bias and offers yet another opportunity to take advantage of a bullish environment on the 4Hr time frame to catch what is expected to be a bullish wave and completion of a bullish reverse head and shoulders. Starting with the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
