Bearish the CAD
Waited for price to retrace back to previous support. Based on Fibonacci retracement levels, looking for price to hit a minimum of 100% fib or 50% level of longer intermediary trend.
Entry: .7440
Stop: 1. Above the 38.2% (.7555 area)
2. If price closes above 50% level, will look for early close
Target: .7250
Entry: .7440
Stop: 1. Above the 38.2% (.7555 area)
2. If price closes above 50% level, will look for early close
Target: .7250
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