USD/CAD H1 | Resistance at 50% Fibonacci retracement

17 thg 10

USD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.

Sell entry is at 1.3789 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.

Stop loss is at 1.3820 which is a level that sits above the 61.8% Fibonacci retracement.

Take profit is at 1.3740 which is a multi-swing-low support.

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