1.3900 an Area to look out for LONGS (buys): Weekly, daily, 1hr

https://www.tradingview.com/x/NVyAUKFU/https://www.tradingview.com/x/eIyRaFkg/https://www.tradingview.com/x/MZZqPwZX/


USDCAD Thesis

- Weekly: Usdcad market structure changed to bullish after break above 1.3190 daily zone. Price also closed above 1.3190 weekly zone signalling usdcad is in bullish territory.

- Daily: After break of major level 1.3190 i do now see USDCAD making its way to next possible target 1.3300. Market structure on daily the time frame is bullish for extra confirmation.

- 1hr: On lower time frames USDCAD has formed an inverse H&S pattern with its neckline (1.3190) major zone broken signalling that if this level is retested the bulls could push price to 1.3300 forming a new bullish leg and completing pattern.