USDCAD MARKET ANALYSIS

 Hello traders, happy new month as we start off into the month of July. Into the markets, I'm looking at USDCAD and EURUSD as well for potential trading opportunities. Starting off with USDCAD, price broke below a major H4 & daily demand zone at 1.36600 & 1.36260 and formed lower lows on H1 & H4 at 1.36000. Price retraced back to the broken demand to retest as a new supply before a potential continuation of the drop lower. Price rallied to 1.36600 and formed multiple rejection wicks with candle closes inside the zone followed by a slight bearish push to 1.36400. Took sell positions during London session at 1.36495 with SL at 1.36800. Setup taken is a drop base drop, a continuation setup and my target is at the next major H4 & daily demand zone at 1.34700.