USDCAD – Sell the Reversal at Key Resistance

Trade Idea

• Type: Sell Limit
  
• Entry: 1.3750
  
• Target: 1.3650
  
• Stop Loss: 1.3800
  

Risk/Reward Ratio: 2:1
Duration: Intraday
Expires: 04/06/2025 06:00

Technical Overview

• The recent correction higher is likely complete, with price testing strong resistance near 1.3750.
  
• A move through 1.3700 will confirm renewed bearish momentum.
  
• This area aligns with multiple technical resistance levels, making it a strategic zone to initiate shorts.
  
• The measured move target is 1.3625, but this setup looks to capture the move to 1.3650 for a higher probability win.
  

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