ื”ืชื—ืœ
ื“ื•ืœืจ ืืžืจื™ืงืื™ / ื“ื•ืœืจ ืงื ื“ื™ืžืขื•ื“ื›ืŸ

USDCAD a turn at the 0.886 Fibonacci ๐Ÿฆ

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.

ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง attempting the break
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง looking for a break below after the last doubnle top
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง waiting for a clear break
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง the price has now broke the support and is testing the 50%
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง moving lower as expected
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง perfect call
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง testing an important support
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง possible lower low
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