USDCAD Wait the Retracement Then Long

Hi guys, here is my analysis OANDA:USDCAD.

At the moment the price is in an up trend but looks like it is retracing to the trendline.
When this will happen I will look for a long entry also if in the daily chart the price appear overextended, because I think that price wont sell off untill it wontdoes not touch the 0.5 Fibonacci level that already acted well as a resistance.

To recap:

ENTRY POINT = trendline touch (but always wait for confirmation);
TAKE PROFIT = 0.5 Fibonacci level at 1.33398.


Check the previous part of this analysis on OANDA:USDCAD to see how it is gone, it is in the related ideas.

For any question or suggestion, comment below.
Thanks for reading.