Long positions on USDCAD using fibonacci retracements.
In this image we can observe the impulse the chart is having on 4h. Now just touching the -27 retracement we are waiting for the chart to move down a bit to enter a long position aming for 1.3143 level.
Trade closed: target reached:
We ALMOST got our stop loss hit. But we then saw an insane rally to the upside reaching our target.
