USD/CAD Best Place For Sell Spotted , 150 Pips Waiting !

Jun 4

Here is my 4H Chart on USD/CAD , we have a very bearish Price Action on 2 And 4 Hours T.F after this massive movement to upside ,if we check we will see that the price Overbought and the price creating a very good bearish price action on most of frames and we have a very good 4H Closure below our res level @ 1.39100 and this will be my first area for sell cuz the price react very good from it so we can sell from it when the price go a little to upside to retest it for 1 more time and confirming by giving us a good bearish price action to confirm our entry , and if the price go higher to the last res @ 1.39400 To 1.39500 it will be the second area for sell and the last one and we can targeting from 100 to 150 pips and using a decent stop loss , if we have a daily closure above 1.39500 this idea will not be valid anymore .
Reasons To Enter :

1- Perfect Breakout .
2- Clear bearish Price Action .
3- Bigger T.F Giving Good bearish P.A .
4 - Perfect 2h Closure .
5- The Price Respect The RES Again

Jun 5

Trade active

The Price Touched Our Selling Area And Moved Almost 50 Pips