The USD/CAD daily chart shows price retreating back toward the 1.3700–1.3680 support zone after a recent Bullish Break of Structure (BOS):
- Price previously formed an Equal Low (EQL) and then broke structure to the upside, signaling a potential accumulation phase.
- The pullback now tests the origin of the BOS, just above the strong demand zone between 1.3680 – 1.3550.
- The Strong Low around 1.3450 remains protected, reinforcing bullish bias unless broken.
- A successful bounce from current levels may trigger a continuation toward the upper supply zones at:
- 1.3920 – 1.3980
- 1.4300 – 1.4450
📊 If price closes below 1.3680, a deeper sweep into lower demand (1.3550–1.3450) becomes more probable before any bullish reversal.
✅ Fastpip Signal (Buy Setup):
- Buy Entry: 1.3680 – 1.3720
- Stop Loss: 1.3550
- Take Profit 1: 1.3920
- Take Profit 2: 1.4050
- Take Profit 3: 1.4300