TP 1 one is at point D (1.27 of A/B). The 1.8000 handle was strong support in 2004, strong resistance is 2007. In addition, it lines up with the top of the .
Note: There is high impact news for both USD and CAD on Tuesday, December 23rd. I have also outlined an alternate scenario, but ideally, confluence points to the first scenario playing out. Risk Reward of 1:3.5
Happy Pipping, keep in mind it is holiday week, market may be slow.