USD/CAD Intraday Signal: Buy After Bearish Exhaustion
USD/CAD was in a short-term bearish trend, but the sharp impulsive drop below 1.3600 created a liquidity sweep and exhaustion move. This type of aggressive sell-off often signals the final phase of a bearish leg, especially when followed by a strong recovery.
Price has now formed a base and started building higher lows, indicating early signs of a structure shift (potential CHoCH). The current bullish push suggests that buyers are stepping in. If price sustains above 1.3600–1.3620, the market is likely transitioning into a corrective or bullish phase targeting higher liquidity zones.
Trade Setup
Entry: Buy above 1.3640
Stop-Loss (SL): 1.3580
Target 1: 1.3700
Target 2: 1.3760