USDCAD came off a strong bullish move with the RSI overbought. Following a strong push to the bullish side that was rejected by the bears. This is a strong indiction of a reversal in price.
Price needs to create a lower low, lower close prior to entering this trade to the downside.
Previous structure also confirmed the bearish trend.
Price needs to create a lower low, lower close prior to entering this trade to the downside.
Previous structure also confirmed the bearish trend.
