Fibo Levels USDCAD

Hey guys so this mark-up is educational showing the power of fibonacci and support / resistence levels. (Fuck My Spelling Right Now) So what I have learned over-time is that the 23.6, 38.2 & 61.8 are important levels to keep an eye on. As you can see in USDCAD I have marked the multiple times it hit these specific levels since I drew the fibo bouncing off levels. USDCAD

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As we see a forming head and shoulders, as is comes back below the 1.31334 level. Now that the support has been broken once again lets watch it head down back towards the 1.27246 level based off technical support and resistence / fibo levels / trends.

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As stated on the 27th the importance of 1.31334 level. "Now that the support has been broken once again lets watch it head down back towards the 1.27246 level based off technical support and resistence / fibo levels / trends." Lets continue to watch it playout back down pass the 0.5 (1.29306)

Hope you guys caught some pips and enjoy my findings. Make sure to leave a comment and follow my TradingView @JDRoyalty

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Only two days pass as the position dropped from 1.32725 to 1.29767 as stated in the previous update. "Now that the support has been broken once again lets watch it head down back towards the 1.27246 level based off technical support and resistence / fibo levels / trends." Lets continue to watch it playout back down pass the 0.5 (1.29306) "

Lets continue to sit back and watch the levels work also peep the RSI ;)

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and the breakout begins

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The minor breakout cameback down to the 1.29300 fib level as stated in the last update the break out begins lets continue to see the playout as both fundamental news and technical analysis work hand in hand to ensure our money :).

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Love how USDCAD has been playing 1.31334 level for almost 3-4 months now. Since charting in July. Looking forward to that return eventually to the 1.27246 level.