A short pip trade on USDCAD to 1.2000I believe that this currency will hit my target 1.2000 sometime this week or either next week. This pair has been trending for quite sometime after it made a higher low in the in the 1.3000 price range highlighted with a purple box. My fibonnaci retracement levels were also drawn on the chart for added confirmation. The C retracement corrects right onto the down trendline where price made a higher low, and this was a major confirmation for a downward movement. But also, the engulfing candle sticks right after the fib C correction was another major confluence to support my analysis. Price may continue to fall if it breaks my major up trendline if it does not you can look for a 1000+ pip LONG trade back to 1.4000 or 1.3500. FX_IDC:USDCAD
