With a lower low lower close on Friday of last week I am bearish the USDCAD.
The following are things that I am looking at and keeping an eye on as I look to get short.
We do a 2 levels in the way but in the longer term I am expecting a test of the 1.1500 level.
We have a 618 retrace of low to high
We have a harmonic move completion
We have a 1414 fib ext of the A to be leg
We have a 1618 fib inversion of the C to B leg
We have all this lining up at or near the 1.1500 level
The following are things that I am looking at and keeping an eye on as I look to get short.
We do a 2 levels in the way but in the longer term I am expecting a test of the 1.1500 level.
We have a 618 retrace of low to high
We have a harmonic move completion
We have a 1414 fib ext of the A to be leg
We have a 1618 fib inversion of the C to B leg
We have all this lining up at or near the 1.1500 level