Looking at a bigger TF- monthly The below are the points to be noted: 1. Strong price rejection with long wick bar indicator price reversal 2. Price retraced 61.8 fib and a small pull back and retested 61.8 and again price rejection 3.The 61.8 is a strong support/resistance 4.Gartley pattern formed Also i think CAD is strong compared to USD and lots of other factors.
This is a very longterm trade so patience is very key before entering the trade and also lot size selection is very vital. RR for the trade is decent.
I have opened this trade last month on demo and so far it has been great and now opened it on the real account.