USDCAD My Short Trade Planning

After created a huge Double Top at late 03/2020, USDCAD had since then been very obedient to this price pattern, went for a deep fall and eventually claimed its Low at 1.2000 area 15 months later.

Rebounded, and has now reached a High-Interest Area, of which in my opinion, with strong resistance it is the Supply Zone. Technically, the Critical Level to watch is the 1.2600.

Entertaining a Short with bearish signal at this Supply Zone is definitely not a bad idea, and scale in after a confirmed breakdown of FL1.2520 area.

Pay close attention to the Blue areas.

JMO.

Disclaimer: “Trade at your Own Risk”.