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Dollar A.S. / Dollar KanadaDiupdate

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.

Catatan
cuplikan attempting the break
Catatan
cuplikan looking for a break below after the last doubnle top
Catatan
cuplikan waiting for a clear break
Catatan
cuplikan the price has now broke the support and is testing the 50%
Catatan
cuplikan moving lower as expected
Catatan
cuplikan perfect call
Catatan
cuplikan testing an important support
Catatan
cuplikan possible lower low
InkyGrip
240minCADDaily ChartsFibonacci RetracementTrend AnalysisUSDUSDCAD
InkyGrip

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