FX:USDCAD   U.S. Dollar/Canadian Dollar
19 1 0
Retreat then rally to new high. Speculative, but I believe it'll go much higher. No position taken at the moment.
It's certainly possible. While I agree with your assessment, will it break to new highs? Not right away, IMO. Retreat now, then will head up towards the current highs, retreat again, then possibly later this year, head to new highs. Here's my analysis. You can see if you agree or not....
ANALYSIS: USDCAD: 2 Bearish Gartley
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