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Jareth
Feb 25, 2018 2:35 PM

USDCAD 

U.S. Dollar/Canadian DollarFXCM

Description

Daily / 4hr timeframe 0.5 fib lines up with 1.25 area of monthly support.
Looking for reaction around this level but I could see a bounce
and break of the weekly inner trendline. If this happens I can see
1.285 area of monthly resistance being the next target.
If we break below, I can see this going to 0.786 on the fib retracement,
lining up with the 3rd bounce on the bullish trendline.
No trades on this. just watching price action.
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