USD/CAD- SHORT

B:-
• MONTHLY - The month of June, market printed a strong bearish engulfing . recent two months after that we have seen a retracement. but expected further declines to the downsides upon this

• WEEKLY - Recently weekly closes on UC has been fairly weak suggesting potential exhaustion in the market thus a possible reversal to come into play. (Bearish)

• DAILY - Here is where it's important.. recent few days of P.A is suggesting that this pair is unable to sustain above @1.3300 institutional level showing clear signs of weakness, (Bearish

• HOUR - This also plays a huge role in my sentiment, market broke above structure range subsequently broke back below as a fakeout this tells me that bullish momentum isn't there to carry this pair higher... (Breaking back below as a *BEARISH ENGULFING) & Shooting star formation also.. both strong evidence for sellers to come into play


L:-
• Levels being traded is 1.33500 - Intra-day
• Anticipating a pull back into 1.33 - (Possible break back below this is more long term)

S:-
• Daily, Dual shooting star rejection
• Bearish engulfing & Shooting star on the hourly timeframes.


R = 2.5%

R.R = 2.03

(Trading Journal)
- Trade at your own risk, this is just for me to keep track of my trades and performance