Hi traders,
On the USDCAD we can see that the blue trendline has been broken. I'm looking to enter short at the retest of this trendline. This area lines up with the 38.2% Fibonacci retracement of the move in August 2016. We can also see that 61.8% Fibonacci retracement of the bigger move. Stop goes above the 61.8% Fibonacci retracement of the August move.
Entry: 1.29371
Stop: 1.30951
Target: 1.26811 = R:RR 1.62
Best of luck! Updates will follow.