USDCAD - Fib confluence at minor structure level

2014年9月19日

I'm a brand new trader learning technical analysis and I would love to get some feedback from more experienced traders.

In this chart I saw the head&shoulders pattern. After this completed, we reached a 0.382 retracement back up and now the market is (in my humble opinion) going down to a minor structure level at the 1.272 and 1.618 extension confluence around 1.0902.

Thanks for sharing your thoughts on my analysis.