USDCAD short opportunity at resistance

USDCAD has reached a resistance level and has printed a bearish rejection candle off that level indicating a probably down turn in price. Looking for a retracement entry to get in short.
Entry at 1.3317
SL 1.3385
Target around 1.305 - 1.31

Kommentera:

Counter trend trades are inherently riskier so only risk a small percentage of your account

Kommentera:

no follow through so getting out at break even

Kommentera:

Big bearish candle printed yesterday signaling likely bearish continuation. Second chance entry at 1.3315, SL above 1,3390. The entry probably won't be hit, but worth a shot