Shorting USDCAD

Updated
USDCAD has broken and retested the support/resistance area. It has also happened to break and retest the support of the pairs trend channel. My SL will be at the top of the SR area and my TP will be at 1.2973 which is the next support level and recent trend line support of the pair. RR of this trade will be 1:3.5.
Trade closed: stop reached
Trend Analysis

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