USDCAD
Reason for choosing Bearish Bias
It has reached the daily and weekly Resistance
It's shown bearish divergence on the RSI since it shifted trend with a golden cross to the upside to reach the range resistance(Daily and weekly time frames)
Price Action pattern showed weakness as it rose with high volume candles that don’t increase the price in relation to it.
For the trade to be confirmed, Price action has to happen below the orange support line, show continuation of price action to the downside or rejection to the upside at that line (will have to turn to resistance level ) and the short trade can only be entered after that.