Lower Highs = Lower Lows

On Oct 9 the USDCAD put in a high of 1.3350 that has not been breached. Moving forward to the last 2 weeks I see several weak attempts to take out 1.3350. I suspect the 1.3350 is peak formation high, and this area is being defended by Big Players, hence lower highs, I am short at the 1.3302 with a stop loss at 1.3337 and several take profits at 1.3203, 1.3130 and 1.3050. I believe this trade offers an excellent risk to reward and a compelling reason to short.