FX:USDCAD   U.S. Dollar / Canadian Dollar
19 0 1
as you can see price touched the 1.28300 area and bounced.

now price is really close to the 61%fib level and it is inside of an ascending channel .

reasons for short:

61%fib level zone.
Price is making a estructure (channel) so it is not showing strength for bullish continuation.
RSI shows divergence.

i would like to see a test of the 61%fib level. i mean, id like price goes little up more without breaking the channel to make a short to the support of the channel which is also 38%fib level.

how ever, once price is at the 1.30700 area and break this area i will be short to the next support holding at breakeven to the -27%fib level.
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