USDCAD- REVERSAL HERE?

When there is reversal traders are advised not to take any trade, but to look for additional sign that could also give the sign for the same reversal.
On the daily time frame chart, the price chart of USDCAD has been spotted forming a bearish reversal chart pattern called the BEARISH DIVERGENCE.
This type of divergence is called the HIDDEN BEARISH DIVERGENCE. This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). This and the impending HEAD and SHOULDERS bottom which is yet to be competed makes this bearish reversal more valid.
The right shoulder is yet to be completed and we expect a drop down to 0.5fib, as price like to retrace 50% of its move.
Traders should keep an eye on the following levels below:
Breakdown level: 1.32714
Support 1: 1.32228
Support 2: 1.31892
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Ideas published should not be referred to as an investment advice.