After USDCAD beat the congestion/resistance zone, it also beat a Daily bear trend line. Now on 4H timeframe we got a Bullish Bias and we can place a new bull trend line. The congestion formed before breaking the Bear trend line and resistance could be seen as a retest, but i missed the entry bar. So now i expect a retest on the following zones: - On the EMA and Bull trend line because we have a price over extended, or/also - On the congestion/resistance zone exceeded.
We can have a setup for the next week.
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As expected, The price retested the congestion/support zone and showed an anti climax and pressure zone setup.