tommyb35
Short

Fibonacci inversion setup!

FX:USDCAD   U.S. Dollar/Canadian Dollar
We have a potential Fibonacci inversion setup on UsdCad             which will complete @ 1.29518. This setup is a fib ext. ran from the B point up to the A point. You are then looking to sell the 1.618 level. Target 1 is the .618 Fibonacci retracement with target 2 being a 1.272 fib extension of the entire move. This is a great setup for trending markets that put in a complex pull back/abc correction. If this setup falls into your plan, then keep your eyes on the UsdCad             .
Good luck and Good trading!
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