here we can see that USD/CAD was previously in an upwards trending market for a while, and has suddenly broken through to the downside. once it broke through it then came back to retest the support line, to then have a strong move further to the downside towards a major support level. at this level, it then built a strong structure as confirmation for a potential bounce move. after this, the market then moved strongly back to the previously broken support level. price went up to test the 0.5 fib level and shown several testing candles resisting any upwards movement, this was a good sign for a sell and market is now starting to move back down, to hopefully reach the blue support level again. so if possible we should be looking for the next available chance to sell to that area, or keep watch for when market reaches that area so we can react positively to what the market will do when it gives us new structure.