Leading on from the breakdown earlier in the week on USDCAD I mentioned that i was going to look for the Short trades to the Januarys 2020 Low.
As we can see we have a nice retracement to the fib level as expected.
We need to keep a close eye on price action in the zone. If we see a clear swing low and high to from, along with a break in market structure we can look to pull the trigger.