USDCAD SELL

USDCAD

Price did a great job of respecting the downward trend line. All of the rejections at the lows created liquidity, making the continuation of the downtrend more interesting. If the price fails to break above this zone, there is a great chance that the low could be retested if not broken.

If the price manages to break above our trend line, I'll wait on the retest for confirmation before taking the setup.