USD/CAD POTENTIAL SHORT SET UP
REASON TO ENTER:
- EMAs crossed red over blues on Daily time frame indicating more selling volume in the market
- 120% Break of structure
- Identified Head and Shoulders on Daily time frame
- Entry on the 1.32519 because it aligns with the 61.80% price reversal zone
Entry:
- Wait for a bearish variation (Bearish engulfing)
- Looking to enter on the retest of the Head and Shoulders around the price of 1.32519
R/R - 1:5
- EMAs crossed red over blues on Daily time frame indicating more selling volume in the market
- 120% Break of structure
- Identified Head and Shoulders on Daily time frame
- Entry on the 1.32519 because it aligns with the 61.80% price reversal zone
Entry:
- Wait for a bearish variation (Bearish engulfing)
- Looking to enter on the retest of the Head and Shoulders around the price of 1.32519
R/R - 1:5
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