USDCAD H8: +500 pips BEST Level to SHORT/HOLD(REVERSAL)

Why get subbed to me on Tradingview?

-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates

🎁Please hit the like button and
🎁Leave a comment to support our team!

USDCAD H8: +500 pips BEST Level to SHORT/HOLD(REVERSAL)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as SHORT because I expect reversal
from overhead. read entire idea before shorting!

🔸 Summary and potential trade setup
::: USDCAD 8hour/candle chart review
::: price action contained within channel
::: updated/revised outlook
::: trading near 4 months highs
::: final PUMP going into FED in SEPT
::: BEARS wait for reversal point C/3220/3240
::: for best results short from overhead
::: 3220/ 40 heavy resistance levels
::: BEARS will take from there
::: expecting pullback / re-test of 2750
::: get ready to SHORT HIGH 3220/3240
::: best entry: NEAR overhead resistance
::: or short sell rallies/rips
::: recommend to SHORT/HOLD NEAR 3220/3240
::: recommended strategy: SHORT/HOLD rips/bounces
::: TP1 BEARS +250 pips TP2 BEARS +500 pips
::: final TP BEARS is 2750 point / channel lows
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 2750 fresh demand zone
::: 3220/ 40 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: FINAL PUMP/pointC
::: Sentiment outlook mid-term: BEARS DUMP/point D

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

Comment:

EURGBP H16: BEST Level to BUY/HOLD +250/+500 pips(SL/TP)(XABCD)