USDCAD possible buy around 1.25 level
Updated
Possible scenario for up move (correction) on USDCAD around 1.2500 - 1.2520 level, which is where the previous similar big move down was stopped in Apr/May 2016. After measuring Fibo it appeared that the SR are in line with 23, 38, and 61 Fibo retracement, which is where the up move can be stopped. Need to look for price reaction on lower TF.
Trade active
Limit order to buy set @ 1.24973 (current price 1.25063). Looks like price currently stopped at support. This has been confirmed by some indecision candles on lower TF 8h & 4h. Need to observe further price reaction and the strength (momentum) for changing direction (if any). Will try to reach somewhere below fibo 23, probably around 1.2750, but this depends on the possible impuls up. RR 1:5ishTrade closed: stop reached
SL activated
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