USDCAD breakout of a congestion phase

USDCAD is forming a new bearish setup while the price is in a tight sideways channel. The bottom part of this congestion phase also matches with a previous important support, so a breakout of this key-level might push the price below 1.31.
This is a stop entry order, we are not going to enter at the market price.

Order avbruten:

Trade cancelled before the weekend. We will see on Monday :)