Extension of usdcad short ( retest )

10 Jul 2020

The red arrows on the left show that it didn’t tap the 61.8 which is why it probably came back up to tap it properly and wick through the 61.8 / -27 but it’s struggling to push lower and it’s came back up and pushed through that 78.6 on the right ( indicated by the red arrow on the right ) if that 78.6 isn’t respected then it should push higher to the 127 completing that fib which also lines up with the 78.6 On the higher time frame ( also pointed out with the red arrows on the right) there’s also a -68 off of another fib there so lots of confirmations.
4hr just closed below the 78.6 and trendline . A strong push down Is now expected