FX.co ★ USD/CAD

Hello traders, Movement of USDCAD based on Fibonacci levels. Market movement within a day clearly shows the Fibonacci grid. The method of setting up the Fibonacci grid is simple. To do this, we take the previous day where HIGH-1.40133 and LOW-1.39667 are used to anchor the Fibonacci levels 100 and 0, which correspond to the price extremes. Everything is ready for market analysis. It can be seen that the current price of 1.39619 is in the range of 0-1.39667 and -50-1.39434. A breakout of the Daily LOW or the Fibonacci level 0-1.39667 will focus my attention on selling. I sell this asset towards the level -76.4-1.39311. At that point, I will close part of the order, move the remaining part to a breakeven state, and try to sustain the downward movement towards the level -150-1.38968. If I manage to hold it, that would be great. When possible selling opportunities arise, I will use the levels -23.6-1.39557 and -38.2-1.39489, which impress with their accuracy. They act as resistances, causing the market to bounce towards my targeted profit.