I've been following USD/Cad this week and it made a big drop. Price is currently at a major support level and is valid to say it's touching the uptrend line. Should see a pullback, A keynote is the RSI is oversold and crossing on the 1HR Timeframe. I'm going to aim for the 61.8 fib level as the TP Zone and will adjust Stop Loss as price progresses.
Pattern confirmed and currently in a profit zone. Now would be a great time to move the stop loss (Red Line) into a profit zone or slightly above break even.
