Weak oil = weak CAD and oil is weak right now, its important we look at the legs of pairs, and CHF has been looking strong therefore this makes up for a great trade theoretically speaking.
Technicals are also looking very clean, break of the ascending TL, making a new lower high and a lower low, I believe price will come into the 61.8 fib level as this was where previous lows were, then wait for a rejection candlestick (i.e wait for 4H close and a confirmation candlestick, doji, bearish wick, bearish engulfing)