USD/CAD H1 | Potential bounce off overlap support

18 de nov.

USD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher.

Buy entry is at 1.4070 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.

Stop loss is at 1.4020 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level.

Take profit is at 1.4142 which is a level that aligns with the 78.6% Fibonacci projection level.

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