🔸Hello traders, let's review the daily chart for USDCAD today. Trading near premium prices of the multiyear range, established in 2023. Currently risk/reward is shifting in bears favor, so it's recommended to look for sell side setups in this market. 🔸Range highs set at 3800, premium prices overhead at 3880 3960 range lows set at 3300 and premium prices below at 3140 3240 current bid is 3885. 🔸Recommended strategy for USDCAD traders: focus on short selling any rips/rallies near market price. price is currently trading near premium levels and is maxed out already, limited upside. TP1 bears +250 TP2 bears +500 pips keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support me and my team! RISK DISCLAIMER: Trading 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.