Price has been moving in a channel, it has broken out of it and made its lower lows, retested the channel and dropped to make another low.
I see it coming to premium price of demand zone/resistance. Strategy is based on smart money with wyckoff, however other methods are also used for confluence.
Fibs are drawn with RR instead of levels. May hold if price creates a lower high and creates liquidity of stops or breaks the low.
Publishing this before the CAD news in about four hours time.