USDCAD Starting a new downtrend

FX:USDCAD   U.S. Dollar / Canadian Dollar
- Price is forming a Lower Low next to a support area
- Stochastic indicate oversold
- I expect the price to retrace around the price of last minor swing high

- Waiting for the price to retrace toward last minor swing
- Once price bounces back, wait for the price to cross below the newly formed Lower Low
- Entry below support area at 1.30100

- S/L a few pips above Resistance area
- T/P few pips above next zone
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