Short pullback for the USDCAD on it's uptrend movement.

USDCAD major trend is up. There is a pullback beginning and might continue pulling back for the coming weeks. So you might want take a look at your short strategies. I think we have two options here.
1: IF the market DOESN'T fully break thw ,5 line but instead start bouncing up, that means it doesn't have strength to go further down which means you want to start looking back at your buying strategies.
2: IF you enter the now, you want to put you stop loss at the red line on the chart, BUT it's allways good to wait your chance and not chase efter the market.