FX.co - USD/CAD reversed off resistance, potential drop!

2019-07-24T06:20:37

Relevance until2019-07-25

Price reversed off its resistance at 1.3151 where it could potentially reverse back down towards its support. .

Entry: 1.3151

Why it's good : horizontal overlap resistance, 23.6% & 61.8% Fibonacci retracement

Stop Loss : 1.3185

Why it's good : 78.6% Fibonacci retracement

Take Profit : 1.3105

Why it's good: Horizontal pullback support, 50% Fibonacci retracement

USD/CAD reversed off resistance, potential drop!

*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 reversed off resistance, potential drop!