USD/CAD, Short potential

12 Jul

I been having success with my simple strategy. I am going short, because it broke a resistance level that was tested seven times on the daily, then retested, and failed to break again so it created a supply zone on the 4hr chart.

12 Jul

Catatan

The stop loss and take profit shown in the picture are not my actual levels. I just wanted to demonstrate that the pair is bearish. I recommend setting a wider stop loss above the supply zone.