USD/CAD – Double Top + Bearish RSI Divergence | Short SetupUS Dollar vs. Canadian DollarFX:USDCADByteSignalsUSD/CAD is showing signs of a potential reversal after forming a Double Top at a major resistance level. The second peak was accompanied by a bearish RSI divergence, indicating that although price retested the highs, bullish momentum weakened significantly. Instead of entering early, the plan is to wait for confirmation with a Sell Stop below the most recent Higher Low (HL). A break of this level would confirm a shift in market structure and increase the probability of a deeper pullback. 🔹 Trade Setup (Short): 📍 Entry: Sell Stop below the recent Higher Low (breakdown confirmation) 🛑 Stop Loss: 1.4254 (above the Double Top) 🎯 Target: 1.4081 📌 Trade Logic: Double Top at resistance signals potential buyer exhaustion. Bearish RSI divergence confirms weakening momentum. Waiting for the Higher Low to break reduces the risk of a false reversal and provides confirmation that sellers have taken control. ⚠️ Invalidation: A sustained move above 1.4254 invalidates the bearish setup and suggests buyers remain in control. Always wait for confirmation and manage your risk appropriately. #USDCAD #Forex #DoubleTop #RSIDivergence #PriceAction #TechnicalAnalysis #TradingView #TradeSetup #ForexTrading