USD/CAD has hit over extended levels according to my strategy and likely ready to flip to the downside. I have already got my entry reason.
Once price becomes over extended I look for a reverse in momentum and USD/CAD seems to be showing just that, RSI has already become close to oversold so I would expect some noise around the current market price at the start of next week.
You can see my entry, stops and target.
Oversold levels at my overextended target area put my bias to the downside.