CADSGD | Bearish Rejection Delivers +2RCAD/SGDOANDA:CADSGDdarlwright11.7 CADSGD has reached our planned profit target following the bearish reversal setup we identified earlier this month. **TRADE RESULT: APPROXIMATELY +2R** **THE SETUP** We had been monitoring CADSGD since October 30 as price approached a significant Daily resistance zone around 0.9160–0.9190. Several factors made this area particularly interesting: **STRUCTURE** - Price rallied into a well-established resistance zone. - The Daily 200 EMA provided additional confluence. - Strong bearish rejection developed near the November 3 entry. **MOMENTUM** - Daily momentum previously reached an extreme reading near +98. - Momentum began hooking sharply downward as price rejected resistance. - The bearish momentum shift supported our reversal thesis. **EXECUTION** A short position was entered on November 3 following rejection at resistance. The stop was positioned above the structural resistance area, with the profit target identified near the Fibonacci 38.2%–50% retracement region. **THE RESULT** On Friday, November 6, price reached our planned target around 0.9080. ✅ Target reached ✅ Approximately +2R ✅ Profit taken at a predetermined technical level **THE LESSON** We weren't trying to capture every possible pip of the decline. We identified an important resistance zone, waited for rejection and momentum confirmation, established our risk, and selected a logical profit target. The market ultimately moved in our anticipated direction, but the real value is having a repeatable decision-making process. Not every trade will work. That's why risk management and disciplined execution remain essential. **Forex Academy** PREPARATION • EXECUTION • CONSISTENCY #CADSGD #ForexTrading #TechnicalAnalysis #PriceAction #Momentum #RiskManagement