Inside our BTG Trading Membership course, we teach how all of your trades should start on the "Bird's Eye View". Which is either a 4-hour, 1-hour or 30-minute chart.
On the B.E.V. we are looking for Content and Context. We want to look left at past price action to determine entry points.
In this case here on USD/CAD Forex pair, there was
We knew this because there was a high probability that traditional long USD/CAD traders we're likely taking profits at that Supply zone. When the Bulls are taking profits, that induces selling into the market.