Time to Buy USDCAD?

Hello Traders,

I believe it is a good time to buy USDCAD , but in terms of price it could go lower till the box pointed out on the chart (1.20500 _ 1.20000).

Currently price is at 1.20890

One can divide a position in three and enter at each horizontal line or wait if the price reaches the box then enter the long position.

What do you think?

Consider that the timeframe of the analysis is Daily, so it could bounce in one day or two or in few days (a week).

As you know it is not a financial advice, but I hope it helps.

Good luck