USD/CAD Short Setup from Monthly Fair Value Gap Rejection

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USD/CAD Short Setup from Monthly Fair Value Gap RejectionUSD/CADOANDA:USDCADinfamous7Price has tapped into the monthly FVG (Fair Value Gap) around the 1.4050 area, aligning with a potential liquidity sweep above the previous week’s high (PWH). If lower timeframes (H4 or H1) confirm a bearish shift in market structure or displacement, I’ll be looking for short entries targeting the previous monthly low (PML) at 1.3726, which also aligns with equal lows and a daily FVG resting below. The setup idea follows the premise that the market has reached a premium level after engineering liquidity above the highs and is likely to rebalance towards the discount zone where liquidity and inefficiencies remain unfilled. Confluence: •Monthly FVG tapped •Liquidity sweep above previous week’s high •Potential bearish structure shift on lower timeframe •Untapped daily FVG below at 1.37 zone If price fails to show bearish confirmation and breaks cleanly above the monthly FVG, this idea becomes invalid.