DislikedHi, am learning this PA, please advice if there is any mistake.
Below is USDCAD Daily, i should draw fib from Arraw 1 or 2? Or maybe both?
Thanks in advance.Ignored
Haven't followed this pair, but seems like a very trending pair. Reason why I draw my fib from this point is because we don't know for sure if currently price is top.
See how resistance correlate with fib extension;
Measure twice, cut once