$USDCAD bearish trade idea

Weekly trend: Ranging
Daily trend: Ranging, and near resistance

The narrative in play:
1. price moved higher in a beautiful bullish channel
2. price made a lower high in the channel, then broke the bottom trendline
3. price is now ranging
4. an A+ bearish 3 bar signal formed at a resistance area of interest
5. bearish play is to TP at the first trouble area and to move SL to BE after.
6. Range support may be strong and price may move back within the range.

Trades in play:
1. 1R to the lower of the range
2. 2.69R to the next target
3. 8.21R to the ultimate target - the low of the bullish channel

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towards freedom,
iskfx