Great Analysis, I have the same opinion on USDCAD as well, Got in the trade yesterday and around 20pips profit currently. Looking for the big drop this week.
chuck.soros
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Thanks for the analysis. FYI the golden ratio is 1.618 not 0.618.
transparent-fx
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@chuck.soros, that is correct, but for retracements the 0.618 is considered the gold ratio retracement, because 1.618 is not a retracement obviously