USDCAD H4, wait for retest before entering a sell...

This pair is currently in a downtrend and has been making lower highs and lower lows. Price recently dropped lower than the most recent low. This signals to us that it's possible that price can pullback and retest this zone before continuing to sell. Drop to a lower time frame and wait for a reversal pattern to form before taking this trade.

However, be careful with this pair because price is near a major support zone and could reverse.