About meI swing trade forex. When I see a possible trade setup according to my strategy, I use fibonacci ratios to enter and exit trades. Please press follow and feel free to comment my ideas.
USDCAD touched a previous demand level Thursday and Friday, which is right around the round number 1.3000. Later on Friday it pushed off that level, and I believe the pair will become bullish again in the near future.
When a setup like this occur, we will often see a retracement to the 0.618 fib, and then a continuation. I usually take profit at a 100 %...