USDCAD Bearish Model

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USDCAD Bearish ModelUSD/CADOANDA:USDCADTheTradingRegimenAbout two weeks ago, UCAD gave us a clean sell-off. Last week, I expected price to form a bullish pullback before continuing lower. Instead of that pullback, price just slowly drifted down. But, the bearish pressure wasn’t convincing enough to signal a true continuation to the downside. Now that we’ve finally seen the bullish momentum I was looking for, my focus is on price reaching my area of interest around 1.40873. Once we tap into that level, I’ll be looking for sell setups.