USDCAD / 60m / Triangle BO

FX Analysis (2017-7-20)

USDCAD has just broke out the Triangle consolidation area (Blue arrows).

We look to short at a retest of the BO Line.
TP#1 fib Level 1.618, which is also a Key Level Structure support on Weekly Chart. Thus, we should look to cover all positions before this level.

Additional:
In the bigger picture, we should expect some sort of rebound near the Weekly Support. Look for reversal patterns.