After a sharp down move USDCAD
price is testing the 0.618 fib level of the impulsive move at the same level where it meets the upper parallel of a confirmed fork
. The safest way to trade this market is to wait for price to break below the corrective upmove and watch for sell setup to complete.
P.S: Take a minute and read my post of "1001 pips project". You may find the link below..