USDCAD: Good short entry here

$USDCAD favors bearish positioning here, with stops @ 1.31797 at least. Downside to 1.29983 is 60% probable while below this stop level.
It's moving down from the most recent NFP support level that broke down a few days ago. Oil is also making higher highs at the same time, so I think this is a high probability trade, with a very well formed technical setup in this chart. Daily mode is a 10 bar level, which implies the time duration of the decline signaled today will extend for 10 trading days starting today.

Cheers,

Ivan Labrie.