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This trade has high confluence needed on more confirmation which is the break of the short term trend which I will be aiming on the H4 TF
I will be looking to go short on the previous support zone that is very powerful and also 61.8Fib level with a bearish flag very powerful combination waiting for candlestick confirmation
Retest of support which acted as both s&r several dojis and then a bullish engulfing breakout of steep TRENDLINE in the H4
TRENDLINE breakout and retest of the TRENDLINE which is also a support zone
USDCAD IS AT AN AREA WHICH SHOWS ABSOLUTE REJECTION ON THE BULLS & BEARS WILL SOON APPEAR TO DOMINATE SO WATCH THEM IN 4H DAILY & 1H TO TIME YOUR ENTRIES
I don't have to say much but you see break of the TRENDLINE test of previous support which acts as resistance.
Gold is at resistance zone as you see it is showing rejection to the area and is a good area that has been tested several times.
GBPUSD IS IN A RESISTANCE ZONE WHICH ACTED AS BOTH SUPPORT AND RESISTANCE ANDD BREAK OF THE TRENDLINE IN H1
EURJPY has broken its support area and trendline which is a powerful combination to go short