USDCAD is in a downtrend which means the overall trend is bearish but on current structure we are looking at a bullish market with a possible pullback to form a Lower High on the 61.8 Fib level, Nice BOS on the Weekly time frame with a retest candlestick in play. I am bullish on USDCAD and i would be scaling in to 2H timeframe to find Long entries
Trend Analysis

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Penafian