Potential Sell (1H Scalp)

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Here's my 3 point confluence analysis.. I could be wrong so any additional tips on the comments are welcomed

1. USDCAD was on a small uptrend until it broke the trendline then consolidated sideways.

2. After breaking the trendline a reversal pin bar has formed indicating a downward but this wasn't enough to support the idea

3. after a sell order block formed followed by two FVG I'm confident that it set to move the previous low or to the discount area.

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Entry strategy (Enter on Pullback)
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Since the stochastics indicator on the hourly is showing it is oversold my TRADE ENTRY is a pull back into the red oderblock & wait for stochastic indicator to be overbought to enter or a rejection of the orderblock

note: the trade could just keep going down without doing a pullback

Penafian

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