Will EURCAD Drop next week?

In my previous EURCAD idea, I mentioned about buying near 1.43 with final TP at 1.47. We already got 400 pip profit from our Buy trade(check idea attached below). In this idea, I will present a potential sell set-up that can give us a decent profit if it works.

First of all, the rally in EURCAD has been massive. I expected a bullish run towards 1.47 as I mentioned in my previous idea but I didn't expect it to be so quick.

Dramatic sell off in Wall street has lead to a huge surge in this pair. As CAD is a risk asset correlated with Oil, CAD's value drops very quickly during such sell offs in the stock market.

That being said, I feel the sell-off in the market is going to have a pullback next week which might give us an opportunity to sell EURCAD.

Today's daily candle in EURCAD has almost been reduced to a pinbar, which means sellers took control and buyers gave up all the gains.
So, if price doesn't break 1.4880 in the next week, we can expect a drop towards at least 1.45.

I will update this idea. So make sure you follow me to know about the exact entry.