Could potentially leave from 61.8 area, but would be great to go higher.
Longs look reasonable from here, TL broken, 78.6 fib rejection, targeting D leg extension, also fits well with filling gap.
Looking at shorting this pair if it meets the criteria for me to enter. Firstly a break of this correctional move i will look at selling, gives the best opportunity of confirmation. Or 2, a short from the fib zone (71 - 78.6)
Looking at possible longs with more confirmation, lets see how we react around this area
Looking at shorts from here looks decent. We tend to see a move above the 61,8 fib to wipe out peoples stop losses. If we can break TL, i believe we can go lower.
Shorts potentially executed on break back below green box.
Longs could be executed on a break of potential double bottom neckline.
if we break TL, longs could be executed. Lets see if oil takes a breather allowing cad to regain some strength.
Echf is very over extended to downside, would be good to see a retracement. Looking to enter longs on break and test of trendline.
Short idea on USDCAD, taking a small risk on this as RR is decent. Price could potentially reach the yellow box indicated first, lets see.