USD/CAD Looking to Bear it Down

19 окт. 2018 г.

As you can see on the daily, the candle has run up next to the Fib 0.786 and is currently in a red candle on the 4hr chart (though it has not closed yet). As long as this downward pressure continues, should be a safe ride down to 1.2951 (but that's just my thoughts if it goes down). If however it does break above 1.3292 - well to be honest I'm not sure what to think of that yet...
https://www.tradingview.com/x/mv0njhME/

I do expect a downward return to resume as the reversal appears to have already happened back on the 28th June. This is of course just my thoughts, what do you think?