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USDCAD long setup

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Dollar A.S. / Dollar Kanada (FX:USDCAD)  
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FX:USDCAD   Dollar A.S. / Dollar Kanada
Support and Resistance Fibonacci Trend Lines AB=CD fibbs USDCAD LONG setup trading tradingfellow
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supportandresistance fibonacci trendline abcdpattern fibbs usdcad long setup trading tradingfellow
The USDCAD pair has been in an uptrend in the medium-term direction. Recently this pair has been retracing since the 6th of October. This retracement falls right into the round 1.2500 level, together with a 61.8% retracement off the impulsleg and a forming AB=CD pattern this creates a solid buy setup.

Targets will be taken @1.2586
Stoploss beneath the entry point @1.2480

Happy banking!
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