USDCAD forming a strong reversal formation, prepare to sell

FX:USDCAD   美元/加元
Sell below 1.2582. Stop loss at 1.2702. Take profit at 1.2407.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.2582 ( Fibonacci retracement , Fibonacci extension , impulsive Elliott wave structure, horizontal swing high resistance) and we expect a strong reaction from this level to drive price down to 1.2407 support ( Fibonacci retracement , horizontal overlap support). It’s important to note the intermediate support level at 2.2458 ( Fibonacci retracement , breakout level).
RSI (34) sees major resistance at 61% where we expect a corresponding reaction from.
Nice analysis. I see there's some confluence at the 50 fib area as past resistance. Also, there's a upward wedge forming as well as divergence w/ RSI. Decent R/R as well.
Hello, Tomorrow, there are many events.. for CAD. I am worried.. if it is down or up.. Most of people and weekly analysis.. the pair running on Bullish mode. It seems to be bullish more or not.... I am worried..
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