The price has reached Daily of 1.30100, which is also a 61.8 Fibonacci retrace zone and a Monthly (MPP). is reaching overbought area.
Looks like the USDCAD short setup is ready, if todays candle will do the retest of yesterdays high, which touched the MPP and has time to reach the overbought zone.
The trade setup for me would be:
Entry - 1.29950 area
SL - 1.30850 area (~130 pips)
TP1 - 1.26650 (~300 pips)
TP2 - 1.25430 (~420 pips)
TP3 - 1.24500 (~500 pips)
I will watch this pair closely.