The daily chart
on the cad-frank hasn't trended well in recent times and is currently in a declining channel. Scaling down to the 1 hr
chart, price has reached the top of that channel just short of the . 886 retracement
of the bearish bat
. This is the ideal time to get in short with a stop loss just above the X coordinate. As per usual practice, indicators aren't used in determining price action, although it doesn't hurt to have a look at the Relative Strength Index
where you believe price is approaching a potential reversal zone. RSI
looks to be entering an overbought level, bringing a higher reversal probability.