[B]My picks:[/B] Long USDCAD at market, against 1.1976, target 1.27
[B]Expertise:[/B] Technical
[B]Average Time Frame of Trades:[/B]
I want to take advantage of this USDCAD decline. The pair has plunged through Fibonacci support but the trend remains up as long as price is above 1.1976. Staying above there keeps open the possibility that a wave 4 low is in place within the 5 wave advance from .9055. Wave 5, if it is underway, would end above 1.3068.