Remenber if we pass the stop point before the entry price the set up its invalid
but i would enter at 1.38990 from weekly 61.8% fib,
and or 1.39573 November 15th resistance on weekly..
with oil price in the gutter, and a possible rebound in this space...
sooner hopefully than later we can get CAD to roll...
Mortgage, pensions, and housing contagion is a muther...
and its more selling CAD in the short term if not longer...!
actually i would say a short for a slight retrace than channel back up toward 1.4745...if not higher
Loonie is looking loony for the rest of 2017,
2018 will be better for CAD due to huge Gold discovery in Canada!!!
good luck and thanks!