Fibonicii chart and Swing low to swing high!

Chart USDCAD., H4, 2013.12.23 05:39 UTC, Excel Markets, MetaTrader 4, Demo - MetaTrader Trading Platform Screenshots

so I decided to make a trade using H4 on the USD/CAD
I inserted the fib lines after and realized that the chart already hit the second fib level after the swing high, I am Wondering if the market will actually dip back to the first fib levl or continue to rise as I bought instead of sold.

edit: actually i realized it broke through the upper fib level soooo its invalid to right?!?!