USDCDAD double bottom or fake ?!

Hello everyone this is my idea for USDCAD on daily time frame ..

Price is trading between orange line and black line ..

We could have double bottom formation .. if price break orange line meaning daily candle close above orange line .. and orange line hold as support

also we could break the black line to downside .. because overall trend is downtrend bigger picture .. however I will discuss our entry and exist .. as bull and bear

For bulls ..
You wanna buy from black line target orange line .. stop loss daily candle close below black line
You wanna buy if price close above orange line to target pink line and red line ... stop loss daily candle close below orange line ..
You wanna buy if price close above red line to target zone above ... stop loss previous low after price close above red line

For bears..
You wanna sell from orange line target black line stop loss daily candle close above orange line
you wanna sell if black line break ( daily candle close below black line ) to target green line stop loss daily candle close above black line
you wanna sell from pink line target orange line stop loss daily candle close above pink line
you wanna sell from red line to target support bellows … stop loss daily candle close above red line

Note : RSI indicator might give us a hint .. this line is being a bearish divergence .. breach of this line might change the trend direction

for any question feel free to ask :) good luck