The Trade Idea:
Entry price: $1.09800 then $1.09550 then $1.09400
Target price: $1.09200
Stop level (don't want to see price higher than): $1.09900
Why I like Usd/Cad Put here:
1) Weakness after break down of $1.10160 with further powerfull move means that sellers are strong.
2) in lower half of that potent move means controlled pullback.
3) strong resistance with well defined prices.