The Beat up US Dollar - Revive Balboa?

The Canadian dollar may be at a very good selling point. It should be time look at how this is trading through the lens of seller: higher lows and lower highs The selloff in this pair USD/CAD, was 979 pips in magnitude and that is from where the big red arrow indicated the origin of this plunge. I felt like I had to post something because I was stopped out of long positions in recent weeks to attempt to play a bounce or a fade the decline, but I have found that the trade did not work. Now on the other hand things are working and I am getting better feedback, the long positions are working. I put up a trendline recently of a downward sloping trendline and it seems as though price is able to break through it more often (stay tuned) Other technical conditions like closing in a series of higher highs and higher lows, I will start showing how this shapes out using 4 Hour candlesticks. Is the CAD expensive here at this price today? My goal was to point out how strong the move was on the longer term view, the weekly candlesticks really demonstrate how powerful the decline was from the week of June 3 of this year! I like to use consolidation phases before breakouts to indicate where significant levels (breakouts turning into continuations) I believe happened during the week of June 3 of this year. After that in the following seven weeks the US dollar was clobbered against the Canadian dollar. Based on how extreme I perceive it to be, the CAD is a bit overpriced and the rally in the dollar could happen again with falling oil prices or whatever other narrative the press attaches to this and news based triggers occur which shock price. The green supportive zone on the left side shows where there is plenty of pent up buying pressure and for the time when price traded in that zone, but then made a fast exit. There is also a thin and tight trendline I drew in black which points downward I think with a full retracement currency pair can make its way back up to 1.34645, and that is ONLY if there is a 100% full retracement. 50% is of course more likely. The rate today up against the dollar went as low as 1.25590 which on my chart touches the solid green line at 1.25553. Off to the left side of the chart I drew a yellow oval to indicate the blastoff point which led to a series of green weekly candles that closed upward. Unfortunately the rallies do not behave the same way the selloffs do and there were intermittent periods of drop-offs, they look messy, and the USD/CAD hit its final objective of 1.3750. which happened on April 29 of this year. I will repost gains and developments as they yield better success. Never stop improving.