Buying/Selling Potential on USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
If it respects the long term Support trend line (Purple) I can see it potentially going on the upside and breaking through the resistance trend line (Orange) which I will close this position aroud the 50% Fibonnaci line. If it does break through (With no fake breakouts) the long term Trend line (Purple) I see a free fall of around 100 + pips on the downside or more.

Trade active: My alert has just activated and I entered my trade.