If we see the market come towards my ideal sell area then we can easily see USDCAD falling into my target area.
A simple trend line analysis trade with my personal confluences to confirm, may see some retests before it hopefully goes short.
Market has reached a high level in the market, looking to see a downfall towards the 1.36 level.
Price is looking to respect the 1.2 level and create a short pull back.
There's a strong possibility of the market coming down, so a very tight SL and big TP in case the market does decide to reverse. Low risk trade, trading only 1% of capital.