USD/CAD attempted to breach the upward channel on its lower line, however two last 1h candles got bought aggressively. If USD/CAD is to complete a 5 wave move up for wave C, it needs to respect this diagonal trend.

USDCAD 1h 06-04-2016

Trade Setup:

Long 1.3146 or 1.3154 (Fibonacci Levels)

Stop Loss = 1.3120

Target 1 = 1.3227

Target 2 = 1.3296

*Adjust Stops Accordingly if 1st target is met

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