FX.co - USD/CAD approaching resistance, potential reversal coming!

2019-05-29T02:56:40

Relevance until2019-05-30

Price is approaching our first resistance where we might see a corresponding drop in price.

Entry : 1.3522

Why it's good : 76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance

Stop Loss : 1.3573

Why it's good : 100% Fibonacci extension

Take Profit : 1.3452

Why it's good : Horizontal pullback support, 76.4% Fibonacci retracement

USD/CAD approaching resistance, potential reversal coming!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/CAD approaching resistance, potential reversal coming!