Extension of usdcad short ( retest )
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
4hr just closed below the 78.6 and trendline . A strong push down Is now expected
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