The price of USDCAD increased since Monday, giving a possibility of profit taking is about to happen during high impact USD and CAD news tonight. Expecting price to go into area of 78.6 fibonacci and 1.3500 price (as in the purple rectangle) pre-news, and will go low around 1.3425 area and further 1.3375 area, at least.
Price didn't went into the marked box, it went down straightaway.
I would say this idea is not valid