I am looking to enter short on USDCAD once we see a break of the 4H uptrend. On weekly we can see price making an impulse move down, followed by a retracement tapping my order block where my ideal entry would have been. However when this TL is broken I will be looking to short and hold for a couple weeks. First target being the previous swing low @1.3020 (175pips), TP 2 the 1.27 fib extension @1.2905 (285pips) and TP3 the 1.618 fib extension @ 1.2760 (430pips).
Last weeks close was a massive bearish doji and DXY looking to weaken, this looks like a tidy trade.