FAKEOUT: Markets are deceiving us

USDCAD is under a trendline in daily chart, on Friday price broke the resistance area and the trendline but today it has come back again under that area, so it is clearly a price manipulation. Stochastic shows a divergence and I think price will have an ABC CORRECTION till wave 4 bottom in h4 ( I m talking about 1.3200 area).
Fundamentals suggests a probable rate cut for FED on 18th of march due to Coronavirus, instead on 4th of march Bank of Canada could even avoid a rate cut (analysts say that the chance is about 40%).
If you open a short trade set a stop loss about 50 pips over the high of today and a first take profit at 1.3200.