USDCAD Sell or do nothing.

USDCAD is not to be ignored in this phase, clear trading decision here. Price is currently in exhaustion having traded from 1.2887
all the way making a higher high above 1.3175.
We are looking to short or do nothing in this pair for now, entry below 1.3175, Low risk stop is 132.15.
Initial Target: 1.3050
Target 2: 1.2950
Trade with caution and risk in mind. Analyze your risk, accept it and enjoy the ride. if you don't accept it you cannot enjoy it.

Trade active:

The last 1hr closed below EMA8 and also below 1.3175.

Comment:

Overnight we saw attempt to trade above 132.15, no follow through. We remain bearish and position is still active.

Trade closed: stop reached:

USDCAD Timing is needed. It went and took the high before reversing below 1.3137.
New entry short below 1.3110