Potential downside for USDCAD.

A favourable situation is if the price retraces to 50% fib level. At 50'% just sell USDCAD, put stop loss a few pips above 61.8% fib and TP at -27.2 Fib. Do not risk more than 2% of the account
Beyond Technical AnalysisChart PatternsTrend Analysis

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