Price is approaching the 88.6% fib area which i am looking to play off of as well as filling in imbalance left in the market where price declined from. I have also highlighted the last up candle before price shot down from.
USDCAD - Intraday - We look to Sell at 1.3260 (stop at 1.3295)
3 positive daily performances in succession. The 50% Fibonacci retracement is located at 1.3258 from 1.3134 to 1.3382. Bespoke resistance is located at 1.3262. Last week Marabuzo is located at 1.3239.
Our profit targets will be 1.3140 and 1.3100
Resistance: 1.3239 / 1.3260 / 1.3295
Support: 1.3200 /...
AUDCAD has approached this weekly resistance level and shown rejection multiple times, looking like a simple and clear trade. Over 1:3 risk to reward ratio. Drop your telegram names in the comments to be added to our free channel.