Dólar Americano/Dólar CanadenseAtualizado

USDCAD a turn at the 0.886 Fibonacci 🦐

USDCAD on the 1D chart has traded at the recent high.
The price after testing the weekly support at the 1.33 level started an impulse that drive the pair to a new test of the monthly resistance with a spike.

We can notice how the market turned at the 0.886 Fibonacci retracement from the previous recent high to the 1.33 level.

How can i approach this scenario?

I will wait for a potential break of the support area and IF that will happen i will move on the 4h chart to look for a possible short order according to the Plancton's strategy rules.

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snapshot attempting the break
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snapshot looking for a break below after the last doubnle top
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snapshot waiting for a clear break
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snapshot the price has now broke the support and is testing the 50%
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snapshot moving lower as expected
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snapshot perfect call
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snapshot testing an important support
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snapshot possible lower low

Aviso legal