USD.CAD at or near a "Top"? UC approaching serious Resistance

Quick heads up that UC might be nearing a top.
Good run this week, could be ready for some rest.
Posting time is 1 hour into London Open on Wednesday.

1.3263-266 is immediate resistance, should be noticed.
1.3291-300 is strong resistance bolstered by round number.
1.3337 on up will have an entire new set of resistances.

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Copper Bounce call (Prefect entry, almost done)
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Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

Comment:

Beautiful swing from Resistance to Support

Zoomed in we see the EXACT reflections

WOW

Comment:

Will it go lower? No way to know yet, but the drop does appear to have a fib rhythm

the 4.618 is a common wave End point, which was hit, and the 2.236 is a common retrace, also hit.
It could bounce as high as the 1.618 and still be bearish, the 1.236 would be more bullish that I expect.
BUT, this could be a wave 1 down, with wave 2 bounce, and then the big fast Wave 3 down to come. In that case wave 2 can come all the way back to the 1.236 or even the 1.0 fib and still start a cascade downwards.
I dont think it will break support today during US session (2 hours left).

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Comment:

Support held through US sessssion, but so did the Resistance thus far

last two attempts were cut short even before reaching the zone.

However, it is now Asian session, so would not expect much movement, except maybe a slow drift back down to support

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Comment:

Zoomed in on the action at that resistance zone

WOW, perfect pings and possible rejection...

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Comment:

Pullback from the original resistance zones is well underway now.

Putting a fib on the pullback, highlights a couple of support zones.

Two possible EW structures here.
Whether it follows one of those or not, the zones will cause reaction, and I do think it is headed to the 1.319 zone.

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