USDCAD is forming an inverted expanding triangle on 4H. the price respects a horizontal 1.361 4H structure support with equal highs, setting new lower lows after each test.
yesterday the above-mentioned structure was reached again. the price has formed a bearish engulfing candle and was rejected.
on 1H the price has formed a double top formation with a lower high, respecting a 1.3575 minor horizontal support.
to trade with confirmation, I would wait for a bearish violation of a minor horizontal support (1H candle close below), then I would sell on a retest.
target levels: 1.354 1.351
safest stop will be above 1.361 or a new lower high in case of its formation.