USDCAD: 4 Hour cycle is bearish
against 1/20 (1.469) and the 1-hour cycle is bullish
against 9/8/2017 low (1.2065). Correction to the cycle from 4/17 low is proposed complete at 1.2957 low. Near-term, while dips remain above that level and more importantly the pivot
from 4/17 low stays intact pair is expected to resume the upside. We don’t like selling the pair and prefer staying long from 1.297 equal legs area with a risk free trade.
Stop loss: 1.3050
Good luck !