I will be buying USDCAD at 1.3125. There is a 38.2 retracement as shown by the red arrow, a 61.8 fib retracement as shown by the blue arrow, and a 1.414 extension of a potential ABCD pattern shown by the pink arrow, that all line up at the same level. Plus this level is also a significant S&R level.
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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.