Best Level to Short USDCAD TP +260 pips

4 日前

🔸Hello traders, let's review the 8hour chart for USDCAD today. Strong
V-shape recovery in progress off the lows, however sentiment getting
extremely overbought and also we are closing in on heavy overhead supply.

🔸Key mirror S/R detected at 3620, bears will target this level on the
re-test so it's a logical target for the short sellers from overhead resistance.

🔸Recommended strategy for USDCAD traders: focus on short selling high near 3880 price cluster SL fixed at 60 pips TP1 +140 pips TP2 +260 pips final exit at 3620. Expecting rejection from overhead resistance and re-test of
the mirror S/R level at 3620. good luck traders.

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