美元/加元
做空

Lingrid | USDCAD short after FAKEOUT

726
USDCAD has recently broken above the consolidation zone, only to approach the resistance zone. As the market nears the channel border and upward trendline, I expect a potential rejection at this level. The market structure of lower highs and lower lows suggests that the market may not be able to close above this resistance zone. Looking left, the price action has made two impulse moves from this resistance zone before, and I expect a pullback from the zone. Basically it is going to be a liquidity grab above the round number at 1.37000 and bearish move. My goal is the support level around 1.36450


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻

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