This is not me taking an “exact” side, however this is just the way I mark up my charts to predict future, long term outcomes. BUT, I like to project all possibilities. The market is unpredictable so expand your mind, don’t just have one possible outcome.
If someone were to ask for my opinion, I would say that USDCAD has potential to push higher off of the lower . Wait for buying momentum/ structure to present itself then.... boom! You’ve got yourself an entry. Now, with that being said, I do believe that USDCAD is going to give One final push down before breaking to the upside, but that is why I said WAIT for the structure to present itself. You should not be looking to buy and price is still creating lower highs ....no ma’am/sir.
How long will the momentum last you ask? Who knows! Trail your stop loss and don’t over leverage. Please reference current price to the DXY .