USDCAD Analysis Future Short?

Hi Traders,
This is my first post so bear with me :)! In this pair on the daily chart I noticed a descending channel and using a pitchfork I found the ideal entry point for a short to gain significant pips.

This trade also maximizes your risk/reward potential with 1:3.63 ratio. If market opens and hits the entry point I will be taking a sell with other confirmations required. Such as clear signal on BBPT, as well as confirmation from the McGinley Dynamic. Happy Trading and using a trailing stop to secure profits is a good idea on multi day trade. I use half the ATR (for the most part)! But always go with what you see!