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USD/CAD has been trending down inside a short-term bearish channel.
During the past few days, we had a false bearish breakout of our demand zone & 61.8% Fibonacci level.
We expect this was a false one as decline of the price took many candlesticks in comparison with the bullish candlesticks that took price again above those support levels.
Yesterday also we had a breakout of the bearish channel with successful retest, this indicates a bullish opportunity around 1.0100 with SL 4H closure again inside the bearish channel.
TP should be at 1.0150, 1.0190, 1.0220 and 1.0280
