USDCAD- We have quite a few confluences on this pair and there are also 2 ways to approach this setup. Price is in a downtrend rejecting the trendline and also printed a double top formation. Upon formation of the double top, there was a big sell off giving us a bearish engulfing candle. Best entry would be to wait for a pull back, allowing the last daily candle to be filled or wait for 1.2292 to be broken and sell upon retest and rejection
