Trade idea for USD/CAD
Overall market structure is clearly bearish. Has been making consecutive LH & LL for a while now. That being said bias is bearish and looking for sell opportunities. Price is approaching a supply zone pretty soon, which coincidentally holds the 61.8% fib level making it a Golden supply zone. Very high probability set up with a R:R of anywhere from 3 to 6:1 depending on how long you are willing to hold.
Order cancelled
Would have never entered this trade due to the fact that there wasn't a valid conformation at this zone. On to the next!
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