The USDCAD pair is in fairly obvious pattern which is proven by the Fibonacci Extension and the previous resistance levels. You would want to set your stop about 10 pips away from where you would buy (buy at market now). The take profit is just below reversal zones. This could be a first target for those who want to make the most out of the deal and the second...
From my previous Idea, I anticipated the move towards the level between 1.26675-1.26446. Well it turned out to be right. I am still gonna be a bear on this market. The news events will give a big impact by deceiving bulls. The bulls will be deceived by indicating a fakey breakout toward north.
The big money will push the market upwards during the announcements...
