possible reversal to the downside for usdcad

22 Mar 2015

double top on weekly the blue area are the top is where market has previous traded back in 2008 and 2009 and hasnt been able to close above it since .. drew a fib retracement from previous swing low to swing high .. zooming into the 4hour this pair has been trading lower highs back to trendline and looks to be forming a possible breakout retest and could drop to 0.236 fib and run down to 0.5 fib