USD/CAD Short Idea
Looking to short at the 4H order block and target the sellside liquidity below us in the form of equal lows.
We have news at 8:30. If we break above and close higher than 1.35682, then we will likely see higher prices. Would like to take the short early if we can tap into and respect the -OB prior to news. Current time is 7:38AM EST. If not we will look for a news spike into the -OB and wait for price to settle and look for our short position then if still favorable. Will update when a trade is placed.
We have news at 8:30. If we break above and close higher than 1.35682, then we will likely see higher prices. Would like to take the short early if we can tap into and respect the -OB prior to news. Current time is 7:38AM EST. If not we will look for a news spike into the -OB and wait for price to settle and look for our short position then if still favorable. Will update when a trade is placed.
Note
We are moving away from the -OB. If we do tap into it, it will be a spike from news. Being patient here.Trade active
Small position open, no strong reaction to news. Equal lows target is in the crosshairs.Trade closed: target reached
Target reached :) 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.