Just an opinion without any indicator, See Monthly retracement in Red, weekly retracement in Blue and Fib extension should fail around 23% monthly retracement. What's the alternative please share your thoughts.USDCAD
These are my assumption, Monthly retracement did not reach to 50% which makes me believe eventually it should go to 1.18645. But before that it should go higher Weekly retracement has not reached to 38% yet which is at 1.30274 but because I believe it's ABC pattern the wave C should reach to 1.32244 area which is also coinciding with 23% of monthly retracement and 50% of weekly retracement.
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