usdcad h8 short rips/rallies tp 3150 breakdown

🔸Hello traders, let's review the 8 hour chart for USDCAD today. Rejection from overhead
resistance at/near 3625, double top formation and subsequent dump. below we got some
supports, however 3350 key s/r was tested 4 times already, therefore s/r is weak now.

🔸Expecting sell-side pressure to accelerate and we can expect breakdown of key s/r
at/neat 3350. bears maintain control mid-term, and recommended strategy is short
selling rips/rallies near market price.

🔸Recommended strategy for USDCAD bears: short sell rips/rallies near market price.
TP1 bears +150 pips TP2 bears is +300 pips. this is a swing trade setup. good luck!

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Dagangan ditutup: sasaran tercapai:

FINAL TP HIT +280 pips congrats