USDCAD - Strong bearish continuation?

After this strong downward movement, UCAD clearly breaks structure bringing us to a confirmed, new downtrend. My early short bias is because of the strength of the downtrend - it won't retrace too much before continuing.

Kommentera:

This is a daily chart. Entry was based on the the retest of an H4 indecision zone after and bearish engulfing off of the 38.2 price reversal zone.