Long Term on USDCAD

It has been a while now but here is another idea I think could work.

Trade 1
Entry: Now
Stop loss: Somewhere below the upper line on the descending wedge
Target: 1.412 (+8,3%)
When: Middle of October this year?

Trade 2
Entry: 1.412
Stop loss: Somewhere above the dotted lines and the grey Gann line.
Target: 1.336 (+5,4%)
When: Beginning of May 2019?

Trade 3 - "Plan B":
Entry: Same as the stop loss on Trade 1
Stop loss: Somewhere above the upper line on the descending wedge
Target: 1.173 (+9.2%)
When: Middle of October this year?

Arguments:
- It is currently between arc 2 and arc 3 (Gann Square). The arcs works as support. It should remain above the arc 3 while it goes up.
- It just broke through the upper line on the descending wedge (marked with x). Because of this it should continue upwards especially after testing the upper line.
- It is currently on its way to the last leg in a rising wedge and should at least reach the upper line inside the rising wedge. Beware of the alternative path that might happen then.
- It is on the last leg of the Cypher Pattern. When 0.786 level is reached it might go downards (Trade 2).
- Target on trade 1 is also confirmed by the Gann line and the dotted lines. The target is also within arc 2 and arc 3.
- If stop loss on Trade 1 kicks in it means that we are below the upper line on the descending wedge and Trade 3 would kick in. In this scenario it might fullfill the wolf pattern. This is also where arc 4 is located.

Note! This is only TA, not Fundamentals.

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A close-up on the current situation:

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Break out on the small wedge:

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Perfect bounce on the upper line (small wedge) right now:

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Not good forecast here, but anyway, it is still inside the Gann Arc. I've moved the "Cypher" pattern a bit.