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

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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.

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