USDCAD SHORTS OFF THE RIGHT SHOULDER!Sorry for the background noise... I'm watching to see a bit more rejection and the next possible leg down to continue a bit of weakness.. for now anyway!
Usdcadshorts
USDCAD SELLPrice on the daily tf has taken buyside liquidity and the previous daily candle, Friday's was red so expecting expansion to the downside to take sellside liquidity.
We can also see in the 1H tf, how we are rebalance an imbalance and price is close the the bullish order block. Price may wick out from below the higher timeframe imbalance for a short term buy.
USDCAD is gonna buy long term.I believe USDCAD is goin all the way UP to that Resistance Zone. And Price may reverse from there.
USDCAD SHORTIF PRICE CLOSES BELOW 1.30420
SELL @ 1.30400
STOP LOSS: 1.30700 (-30pips)
STOP LOSS: 1.30600 (-20pips)
TP1: 1.30200 (+20pips)
TP2: 1.30000 (+20pips)
TP3: 1.29850. (+20pips)
TOTAL PIPS = 60pips
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