USDCAN LONG IDEAUSD/CADOANDA:USDCADPantosFXI’m looking at USDCAD on the 1H. The market pushed up strongly and created a high around 1.3967. After that we saw a rejection and now price is pulling back down. That move down looks quite aggressive which tells me sellers stepped in after the highs. Now price is coming into the 0.50 area around 1.3915 to 1.3920. This zone also lines up with previous structure and acts as a key level. For me this is a decision point. The market already moved up strongly before, so this pullback could either be a continuation setup for longs or the start of a deeper move down. The important thing I’m watching is how price reacts in this zone. If we hold here and start forming higher lows again, I would consider longs. That would mean the move down was just a correction. But if price keeps pushing down with strong candles and starts accepting below this area, then it tells me sellers are in control and we could see continuation lower. Below the market the main draw on liquidity is the lows around 1.3870. That’s where stops are sitting and where price could be attracted if the bearish momentum continues. So my idea is simple. I wait for reaction at this 0.50 zone. Hold and bounce gives me longs. Breakdown with momentum shifts me to looking for shorts toward the lows.