USDCAD - 5 Feb 2025 Setup

USDCAD market turn to slightly bearish on H1 timeframe and the all the ema's has broken to the downside. Spotted nearest supply area (Red Rectangle).we have a chance to take a short position from this area.

Entry Position : Short
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly above supply area (Red Line)

Follow me if u guys making any gains from this idea.

Thanks
Coffee Trade Team