D1 USD/CAD closed lower and higher yesterday, the lowest price touched 1.36395 and then recovered to close at 1.37235. This move of the price shows that the price once wanted to fall during the Asian session, but in the end it was unable to fall below it, leading to the possibility of the price rising.
After the Fibonacci backtest of the H1 chart touched 0.618, it reversed and went up. The price has now also broken above the overhead resistance level. And in the first few candles, the price also tested the broken support level, indicating that the price confirmed this breakout and is expected to rise.
Enter short at the low level.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.