USDCAD SHORT TERM SHORT AND THEN LONGER TERM LONG THROUGH 1.3000

USD CAD potential short term short back back to bottom of channel and 1.2430 range so 300+ pips potentially and then a long position from there to 1.3000

CONFLUENCE

High test Candle
Top Of Channel
Breathing room from 50 ema
Makes sense for retrace now as fib would then add extra confluence for the next long
Deceleration
R2 pivot resistance