USDCAD - Short setup

FX:USDCAD   U.S. Dollar / Canadian Dollar
I am short on this pair, as it made a new lower high with almost an overbought condition on the RSI and the RSI showing divergence from previous high.

Target is the 127.2 extension and stops above previous high. At the target point, there will be an AB=CD pattern completed, so a good opportunity to go long there, but I would wait for price reaction on that zone first before making any decision.


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