USDCAD - Price action telegraphing upwards movement.

FX:USDCAD   U.S. Dollar / Canadian Dollar
44 1
Bought aggressively off the 0.32 Fibonacci retracement . The break has occurred and should now be followed by a break, retest and continuation. Just under a fifty pip move calculated here. Stops shall be placed under the double bottom formation, thus providing an excellent RR ratio.
I like the idea of a long in usdcad. I think the $ is making a comeback after some consolidation. I think your target is a bit conservative though
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