USD/CAD quick short then potential long

The last week has had a nice rally but meet huge resistance in the .618 fib line. As a result we have achieved a lower high indicating a reversal in the trend, we can now short this pair with a stop loss set at 1.2640 and expect a potential reversal at the .382 mark were the 4hr 50 ema will be. Will keep you posted as time and price action will give us a better indication. Take profit will be 1.252

Comment:

another lower high i now added on to my short