Trend channel short setup for the USDCAD

I am looking to enter a range trade within a possible new rising trend channel being formed. Intending to open multiple positions with the first TP point labeled on the chart. It is a fairly conservative and purely technical trade. It should play out because any meaningful breaks of the trendline are unlikely until the heavy news day for the CAD this coming Friday.
Parallel ChannelrangeshortUSD (US Dollar)

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