FX.co - USD/CAD pulled back right below key resistance!

2019-08-21T09:16:47

Relevance until2019-08-22

Price pulled back below resistance and drop is in progress.

Entry: 1.33060

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

Stop Loss : 1.33470

Why it's good : 61.8% Fibonacci extension

Take Profit : 1.32550

Why it's good: 61.8% Fibonacci extension, ascending trendline support

USD/CAD pulled back right below key resistance!

*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 pulled back right below key resistance!