So, we have double indication for USDCAD to continue its way down. First, it bounced off 61.8 fibo level, which is a major fibo level. Second, it keeps making lower-highs after the price touched 100 period Moving Average line represented in orange, which I like because people can produce dozens of different analysis in their charts using different methods but 100 period Moving Average line is the same everywhere in the world. It's objective, and I like objective things. I'd like to wait for a break of structure in much lower time frame before considering a short position, coz, y'know... entry precision and stuff. Cheers!