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, clear signs that the market is unable to breach 1.3300 which is being held for some weeks now.

• DAILY - Here is where it's important.. recent few days of P.A is suggesting that this pair is unable to sustain or break above @1.33000 institutional level showing clear signs of weakness, with LWP rejections.

• HOUR - Right now the market is showing clearn signs of holding below 1.33, we managed to find a good entry point @ 1.32659 which is a minior/retail region where the market also also closed below this region confiming that there is some continuing evidence of bearish sentiment.


L:-
• Levels being traded is 1.32659 - Intra-day
• Anticipating the market to fall down into 1.32099

S:-
• Daily, Dual LWP and shooting star rejections at 1.33000
• Bearish engulfing & ascending trendline breakout on 4H/Breach of 1.32659


R = 2.5%

R.R = 1.92

(Trading Journal)
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