USDCAD MARKET ANALYSIS

 Good morning traders, it's another week in the financial markets presenting new opportunities as I always say and I hope you're all ready to get it. Into the markets today, I'm looking into USDCAD where price rallied into a key H1 & H4 supply zone at 1.35116 & 1.34757 which is the origin of the previous drop to the H4 demand zone at 1.33053 & 1.32793. Price filled the H4 range from the key H1 & H4 supply to the H4 demand zone and back to the H1 & H4 supply zone. Price rallied into supply and faked out a break of supply on H1 but on H4 price formed strong rejection wicks with candle closes inside supply. Price dropped by a constant push away from supply with candle close below supply. Price dropped to 1.34440 forming a lower low then retraced to retest supply before a continuation of the drop. Took sell positions during London session at 1.34800 with SL at 1.35100. Setup taken is a rally base drop, a reversal setup and my target is at the H4  demand zone at 1.33053 & 1.32793.

Price dropped 30 pips back to the H1 low at 1.34440 and failed to break it and rallied deep into supply back to the H1 high at 1.35350 hence hitting my SL and taking out my entries invalidating my setup. Price continued rallying forming higher highs at 1.35414 and still showing more potential bullish momentum possibly back to the next H4 supply zone at 1.36901 & 1.36473. 
LOSS = - 1.3%