OverSOLD situation, PUNT for a quick rebound

٣ أبريل ٢٠٢٣

Our previous short for USDCAD went very well with TP2 hit. I expect some support to come in at the 1.33900 price region where we could see a bounce higher previous broken support turned resistance region. This is a risky play since we are going against the trend so enter with a small lot size and TIGHT SL. We will set a BUY LIMIT instead of entering straight.