USD/CAD High probability short!!!

FX:USDCAD   U.S. Dollar / Canadian Dollar

It has been an exciting time! we have see quite a rally to the upside, creating "higher highs" and "high lows" .But recently we have seen price creating a high low perfectly on the golden fib level 61.8% but lacked momentum to push it more high to the required target level 1.4000. so price drop 3 times to retest the demand level and price seems to range in between 1.33500-- 1.3000.But still our bias is still on the upside on weekly

if we look at market structure we see market respecting "lower high " at 1.34300 and ''lower low'' at 1.30150 which we can see price retracing at 78.6% to the golden supply level around 1.33500. PAY ATTENTION TO THE PSYCHOLOGICAL LEVEL( SUPPLY LEVEL ) we see a lot of sellers at the level and rejection .this giving us more confidence for a potential short

all you have to look at is break of structure and how it is formed and how volume is flowing at those key level, wait for a potential rejection or wicks on the psychological level 1.33500 and i highly suggest proper risk management. this is one factor that separates retail trader from institution traders

Target 1-1.32000
Target 2-1.31100
target 3-1.30500

Happy trading and thanks for your support
Thank you for the great explanation
ShinForex1 rbrnet99
@rbrnet99, my pleasure thanks for following. hope you get something of value.
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