USDCAD 4 HOUR LONG

price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting 1.25358 for now
BOCboughtBullish PatternsBullish EngulfingbuybuythedipsbuyzoneCADcandleformationCandlestick AnalysiscontinuationEngulfing CandleFundamental AnalysisHammerLONGmajorstructurepatiencepullbackretracementstructureSupport and ResistancetechnicalTechnical AnalysistrenduptrendUSDUSD (US Dollar)waitingforconfirm

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