As said on Sunday USD/CAD could retrace first before starting a push to the upside. Long order is active now.
I expect a Fibanocci-retracement down to 78.6 again. After that we could see a breakout to the upside.
After a huge movement in last week I am looking for short. There is still some potencial to the upside, so wait patiently. Possible movement as shown.
After reaching Profit target we are in a resistance zone now. Chart might move back to the previous support zone.
Idea for the next week.
Market has reached 78.6 Fib. Also inverted head & shoulder pattern.
