This is a simple action reaction with fibs - it would require UCad to have the 4 hr closing bar below 1.1114 to drop to 1.10058. A reach to 1.1138 would drop to 1.1013. This is the bearish view. If UCad is bullish then a drop only to 1.1086 to 1.1079 would be seen.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.