The 3TAP theory might show its glory here. I find it interesting that there have been so much cash build up, seen in the volume. I'm curious about this one. Seeing that CAD is not doing well on many pairs, it might be a good short with a tight stop-loss. I would wait and let it confirm a short. It needs to pass EMA10. It's a good rule of thumb to never trade on the wrong side of the EMA10.
