Short

USDCAD Short (Sell) Trade Setup

Updated

Price has ran into a strong-ish sell zone and has reacted well. Look for price action signals for a potential short back to one of the demand zones. I do believe 1.261 is a reasonable end target.

Note

This doesn't meet with my criteria exactly and so I won't be taking this trade myself.

Note

If you've taken this trade, it may be wise to take TP1 from this area.

Note

Take TP2

Trade closed manually

Although I'm bearish on this pair, the 4hr is making higher lows.

Note

I closed the trade already on Feb 8th but the target was reached 24hrs later.

AEFX786

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