Forex Trading Forecast for USD/CAD

Expecting Bearish Movement of USDCAD after a retracement. The trading Recommendation is as follows:

Recommending Short from the marked supply zone with the target of 1.2580.

The Invalid Point will be 1.2730

Overview:

In this smart money analysis, we will look into the potential bearish movement of the USD/CAD currency pair following a retracement. Our trading recommendation suggests entering a short position from the marked supply zone with a target set at 1.2580 while considering the invalid point at 1.2730. By incorporating technical analysis and market insights, we aim to provide a comprehensive forecast for USD/CAD traders.

Technical Analysis:

Current Scenario: The USD/CAD pair is exhibiting signs of a potential bearish movement after a retracement.
Supply Zone: The marked supply zone on the chart indicates a crucial area where selling pressure could intensify, presenting a favorable entry point for short positions.
Target: Our target for this trading recommendation is set at 1.2580, reflecting a key level that we anticipate price action to reach.
Invalid Point: The invalid point at 1.2730 serves as a critical level where the trade setup would be invalidated if breached, prompting a reassessment of the trading strategy.
Forecast: Based on our analysis and trading recommendation, we anticipate the following scenario for USD/CAD:

Bearish Movement: Expect a bearish bias in the USD/CAD pair following the retracement, with selling pressure likely to intensify from the identified supply zone.
Short Recommendation: We recommend entering a short position from the marked supply zone, capitalizing on the anticipated bearish movement in the pair. Target at 1.2580: Our target for this trade setup is set at 1.2580, representing a significant level where traders can consider closing their short positions and securing profits.
Risk Management: Traders should implement effective risk management strategies, including setting stop losses and managing position sizes to mitigate potential losses. You can follow our trade and risk management guide that we provided during the free Forex signals subscription 
Trading Strategy:
Entry: Traders may consider entering a short position from the marked supply zone, aligning with the bearish forecast for USD/CAD.
Stop Loss: A strategic stop loss should be placed above the invalid point at 1.2730 to limit potential losses in case of adverse price movements.
Take Profit: The take profit level is set at 1.2580, where traders can look to exit their short positions and realize profits.
Conclusion:
In conclusion, the forecast for USD/CAD suggests a bearish outlook with a trading recommendation to enter short positions from the marked supply zone and target 1.2580. By adhering to proper risk management practices and closely monitoring price movements, traders can navigate the forex market effectively and capitalize on potential trading opportunities in the USD/CAD pair. Lear SMC trading here https://www.youtube.com/watch?v=ktlQj7wbliQ

Should you have any further questions or require additional insights, feel free to reach out for further assistance. Happy trading!