USDCAD- a good area to enter long (1.20000)

After this necessary retracement this pair must find a level to continue its bullish rally.

According to W1 chart analysis:

And D1 analisis i have many reasons to look to buy at this level:

1) fib overlapping
2) channel duplication
3) EMA 200 acting as support
4) trendline support
5) strong psycho numer 1.20000

You can place a buy limit order or wait for a confimation first.

Best regards.