Daniel.Dalo
Short

USDCAD - Shorting strong supply level

FX:USDCAD   U.S. Dollar/Canadian Dollar
111 0 0
Limit sell order at 30min supply level (1.1171 - 1.1177) with stops above the next 4H supply level (1.1189 - 1.12094) and targets at next fresh demand on the 30min (1.10624 - 1.10749). Reasons for getting into this trade:

1) Strong departure from 30min supply level and it's fresh.
2) Price is close to daily supply and just between a cluster of two 4H supply levels.
3) Enough RR (risking 40 pips to gain 90) until next fresh demand on the 30min timeframe.
4) Great timing because the dollar index             is just inside a daily supply level, so this has a very high probability.

Good trading!
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