1H Wave Count - New cycle starting - Short setup

FX:EURCAD   Euro / Canadian Dollar
EURCAD             Wave count shows the move from highs at 1.5555 has completed on a leg lower to 1.4705 which has been marked as wave (W).
Yesterdays push higher and fake above the 1H channel completed the retracement in wave (X) and we are now starting a new downside cycle.

First targets come in a previous resistance turned support at 1.4256

Wave Count Invalidation on a upside price breach of 1.50
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