دولار أمريكي / دولار كنديتم تحديثه USDCAD a turn at the 0.886 Fibonacci 🦐
USDCAD on the 1D chart has traded at the recent high.
The price after testing the weekly support at the 1.33 level started an impulse that drive the pair to a new test of the monthly resistance with a spike.
We can notice how the market turned at the 0.886 Fibonacci retracement from the previous recent high to the 1.33 level.
How can i approach this scenario?
I will wait for a potential break of the support area and IF that will happen i will move on the 4h chart to look for a possible short order according to the Plancton's strategy rules.
The price after testing the weekly support at the 1.33 level started an impulse that drive the pair to a new test of the monthly resistance with a spike.
We can notice how the market turned at the 0.886 Fibonacci retracement from the previous recent high to the 1.33 level.
How can i approach this scenario?
I will wait for a potential break of the support area and IF that will happen i will move on the 4h chart to look for a possible short order according to the Plancton's strategy rules.
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