EURCAD formed IP1 retracement on 1h where the target is 50% fib. we, of course, must increase the probability of the up movement and we noticed an IP6 retracement in the minor TF ( 30M). so we going to open a long and our target will be 50%.
Comment:
we also notice that the 50% retracement can end this small uptrend because of the 127.20% is near 50% and that is key resistance.