USDCAD H1 - potential short position10/3 hit make a HH and then retreated, went down for two days
10/5 went up again but price is under selling pressure when reaeched supply zone
haven't broken out supply zone and left upper wicks
→supply zone is still valid
If the price goes up and hit the supply zone again,
LTF also shows a downward signal,
I'll do short position for short term
RR is also more conservative since the whole trend is upside
Entry 1.375
SL upper edge of supply zone 1.37835
TP1 1.37015
If the nearest demand zone is invalid,
TP2 1.36138
TP3 1.3582
All are personal opinions, not investment advice,
any suggestions and feedback are welcome.
