USDCAD short opportunity on 1Hr timeframe

A decent short opportunity on USDCAD which continues its downtrend on the 4Hr timeframe. The pair just bounced off a strong resistance level with RSI being overbought. We are looking for a retest of the previous structure low with around 1.5 RR ratio.

If price moves upwards and crosses 1.3271 then the previous outside return will be violated and the Bearish trend will come to an END.

Trade closed: target reached:

Massive +76 pips from this beatufil entry