-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
USDCAD D1: SHORT IT 450 pips / breakdown / failure(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect more downside short-term and mid-term as well.
🔸 Summary and potential trade setup ::: USDCAD daily chart review ::: massive breakdown / failure ::: expecting 300-500 pips losses ::: 3180 - 3040 realistic target bears ::: upside very limited from here ::: Recommended strategy: SHORT IT at market ::: SL 80 pips TP1 +300 pips TP2 +450 pips ::: can I wait for the bounce? well, may not happen ::: chart looks very weak / heavy, so straight dump ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook mid-term: BEARS