USDCAD reversal?!?

Here on the USDCAD, price has been in a bullish down trend for a long time.Price has broke its previous Hi and has carried on to maintain higher Hi's and higher Lo's, i do believe price still has potential to carry the push but i think price will begin to retrace or carry out a deep retracement pullback in which i hope to execute a successful trade in.
Entry @1.31690
TP @1.32490
SL @1.31290