USD/CAD Rejection Trade Setup – Short from Supply Zone with Risi

162
Timeframe: 30 Minutes (M30)

Indicators:

EMA 30 (Red): 1.41932

EMA 200 (Blue): 1.42196

🧠 Trade Setup: Potential Short Opportunity
📍 Current Price: 1.42252
📌 Key Levels:
Entry Point (Supply Zone): 1.42582

Strong resistance zone, overlapping with EMA 200 and a previous consolidation zone.

Price has entered a rising wedge pattern—a potential bearish reversal signal.

Stop Loss: 1.42987

Placed just above the supply zone to avoid premature exit due to a false breakout.

Take Profit (EA Target Point): 1.40379

Aligns with previous demand zone, solid support level.

⚖️ Risk-to-Reward Breakdown:
Risk: ~335 pips

Reward: ~2047 pips

R:R Ratio: ~1:6 — Excellent risk-to-reward ratio for a swing short.

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