USDCAD - Continuation Trading Using Structure, Fibs & Volume

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WHAT I'M LOOKING AT
After ending the week with a lower low & a lower close below a recent level of structure support, I'm predicting a potential bearish trend continuation opportunity here on the USDCAD.

MY PREDICTION
If this prediction is correct I would expect a move down to the $1.35 psychological level (or right around it) as we have a confluence from both our Fibonacci extension & a spike in horizontal volume.

HOW TO GET INVOLVED
To get involved in this move I'll be looking for a a potential retracement/pullback followed by a clear sign of reversal. The 2 price levels that I have on my radar are $1.3750's & $1.3800's

If you have any questions, comments, or just want to share your views, please do so below!

Akil

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