USDCAD SHORT OPPORTUNITY - BUYING PRESSURE FADING

Hey traders,

As shown on the H1 chart we can see price has reached the top of my orange trend line.

With the past 3 hour closes showing bearish wicks, and the final hour close being a bearish pinbar.

I am now short.

Risk tor reward on this trade is 3.4.

Target is the lower red line.

Simple price action and technical analysis leads to simple profits.



Daily trade analysis and ideas:

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ForexShinobi.

Trade closed: target reached:

Target was reached a couple hours back. A little bit of luck and skill netted the win!