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the5erstrading

USDCAD SHORT

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
the5erstrading Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Supply and Demand Fundamental Analysis Support and Resistance USDCAD Supply Zone short shortsetup
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supplyanddemand fundamental supportandresistance usdcad supplyzone short shortsetup
A very simple yet clean set-up has formed on USDCAD 1H chart.

As we find ourselves moving out of a supply zone, I can see price moving down to the demand level.

Keep an eye on this pair, it can be an interesting one when it comes to new releases and it is a busy week for the USD.

Let me know your analysis!
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Looking to start scaling out of 50% of the position and locking in some profits, bringing the stop loss to BE.
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