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Trader Journals:::2026-05-06T06:47:26

USD/CAD

USD/CAD

USDCAD - In the FIBO grid. In my trading plan, there are several options for price movement. The main one is expressed in growth from the area of -76.4 (1.35831) and -50% (1.35900). Since the current price of 1.35892 is in this range, it corresponds to a bullish sentiment. Rebound levels -76.4 (1.35831), -61.8 (1.35869), and -50 (1.35900) provide an opportunity to enter long positions from them. With the target of rising to the retest of the previous day's high - 1.36031. Next, moving towards the level of 23.6 (1.36093). Upon reaching the target levels, I take profit, which, in my opinion, is not bad for an intraday trade. An alternative scenario, if the level -76.4 (1.35831) is broken, the market will go down in a bearish mood to test the level -150 (1.35638). This bearish movement may not end there, as there is a high probability of testing -161.8 (1.35607). In the alternative scenario, it is possible to switch to selling on a pullback to the level -76.4 (1.35831).
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