USDCAD short idea

forex_member Updated   
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
An opportunity with a 72% probability of a rebound to the price zone 1.3466/76. Based on the Supply and Demand zones, previous new lows, breaking out of the demand zone, and today's high ATR above the previous 5-day average. I don't think that this place will be a trend change point, but more like a rebound where you can earn around 50-70 pips.
market has reached the entry price
1.3400 - 1.3390 is perfect take profit zone. I do not recommend trading through this zone.
+60 pips


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