USD/CAD Testing Demand After BOS – Will Smart Money Push Higher?
📌 Analysis:
The daily chart of USD/CAD reveals that price is retesting a demand zone following a Break of Structure (BOS) to the upside:
- Price had previously formed Equal Lows (EQL), which were swept before the bullish structure shift — a classic smart money accumulation pattern.
- After breaking above the key structure, price is now pulling back toward the 1.3720–1.3750 zone, which was the origin of the BOS.
- The Strong Low at around 1.3450 remains intact, and until that is broken, the bias remains bullish.
- Key upside targets include:
- 1.3920 – 1.3980 (first supply zone)
- 1.4050 – 1.4100
- 1.4300 – 1.4450
📊 This pullback could be seen as smart money reloading before another leg up.
✅ Fastpip Signal (Buy Setup):
- Buy Entry: 1.3720 – 1.3750
- Stop Loss: 1.3600
- Take Profit 1: 1.3920
- Take Profit 2: 1.4050
- Take Profit 3: 1.4300